Business

EyeROV Marine Robotics Startup Raises Rs 10 Crore in Pre-Series A Led by Unicorn India Ventures

Aug 13, 2024 1 min read

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EyeROV, a marine robotics deep-tech startup, has secured INR 10 Crore ($1.2 million) in a Pre-Series A funding round led by Unicorn India Ventures. Founded in 2016 by IIT alumni Johns T Mathai and Kannappa Palaniappan P, the company specializes in developing advanced marine robotic products and solutions, including India's first commercial underwater drones and unmanned surface vehicles. The investment will support EyeROV's expansion into international markets and bolster its R&D and operational capabilities.

The firm aims to revolutionize industries such as energy, maritime, defense, and infrastructure with its cutting-edge unmanned technologies. EyeROV plans to triple its revenue by the end of the financial year by increasing sales both domestically and internationally. The funding will enable the startup to scale its sales, research and development, and operations more rapidly than previously anticipated.

#tech #venture-capital #startups #series-a

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