UPDATE 3/21/11: Story in BusinessWeek Magazine about Liquid Robotic’s founder Roger Hine. Corrects venture capital investment upwards to $23.1 million. The article also told of the sale of 60 wave gliders for use in the Gulf of Mexico to track oil spill movement.
… Liquid Robotics, inventor of the Wave Glider which converts the up-and-down motion of waves into forward thrust, making it possible to propel the buoy indefinitely without relying on batteries or other power sources thereby enabling very long missions, has received $18 million from unknown sources.
… Applications for the Wave Glider include port and harbor security, search and rescue, climate science, protected area monitoring, pollution detection (BP purchased two gliders) to name a few.