Robohub.org
 

Liquid Robotics Gets $45 Million To Continue Double-Digit Growth


by
19 March 2013



share this:

Liquid Robotics today is a far cry from it’s initial goal of recording whale songs. Today that function and those recordings are the domain of the Jupiter Foundation and Liquid is focusing on making wave gliders for industry, government and science.

Liquid Robotics just received a $45 million “E” round of funding and adds Riverwood Capital (of GoPro fame) to their stable of VCs. Total funding since 2005 is $85 million.
… 200+ Liquid Robotics Wave Gliders are at work on the seas in one of three areas of oceanography: (1) monitoring oil and gas operations, (2) assisting naval ops with classified activities, and (3) providing scientific, weather and other oceanographic data for commercial and scientific purposes.
… Liquid plans to expand their marketing and sales staff and to double their fleet by the end of 2013, hence the need for the additional capital. “Approximately half of the fleet is involved with the Schlumberger oil and gas joint venture,” said Steven Springsteel, Liquid’s new COO/CFO. Springsteel also said that the vast majority of Liquid’s activities are profit-making and profitable.
… Springsteel commented that the new funds will be used to grow the business to a sustainable profitability without having to go public.




Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Apertus: a fully open, transparent, multilingual language model

  11 Sep 2025
EPFL, ETH Zurich and the Swiss National Supercomputing Centre (CSCS) released Apertus today, Switzerland’s first large-scale, open, multilingual language model.

Robots to the rescue: miniature robots offer new hope for search and rescue operations

  09 Sep 2025
Small two-wheeled robots, equipped with high-tech sensors, will help to find survivors faster in the aftermath of disasters.

#IJCAI2025 distinguished paper: Combining MORL with restraining bolts to learn normative behaviour

and   04 Sep 2025
The authors introduce a framework for guiding reinforcement learning agents to comply with social, legal, and ethical norms.

Researchers are teaching robots to walk on Mars from the sand of New Mexico

  02 Sep 2025
Researchers are closer to equipping a dog-like robot to conduct science on the surface of Mars

Engineering fantasy into reality

  26 Aug 2025
PhD student Erik Ballesteros is building “Doc Ock” arms for future astronauts.

RoboCup@Work League: Interview with Christoph Steup

and   22 Aug 2025
Find out more about the RoboCup League focussed on industrial production systems.

Interview with Haimin Hu: Game-theoretic integration of safety, interaction and learning for human-centered autonomy

and   21 Aug 2025
Hear from Haimin in the latest in our series featuring the 2025 AAAI / ACM SIGAI Doctoral Consortium participants.

AIhub coffee corner: Agentic AI

  15 Aug 2025
The AIhub coffee corner captures the musings of AI experts over a short conversation.



 

Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


 












©2025.05 - Association for the Understanding of Artificial Intelligence