Liquid Robotics announced it has closed a $45 million Series E funding round led by Riverwood Capital, a growth-focused technology private equity firm, with participation from existing investors, including VantagePoint Capital Partners.
The funding will be used to expand the Company’s global sales, partner and services organizations to meet the increasing demand for its ocean observation and monitoring services. This investment will also fund development and delivery of new cost effective solutions for the worldwide defense, science and research and oil and gas markets.
“Liquid Robotics is driving a major shift in ocean observation and surveillance,” said Bill Vass, CEO of Liquid Robotics. “We are doing this through the delivery of high value ocean data services and products providing significant cost savings and reduced operational risk to clients around the globe. With the additional investment and introduction of Riverwood Capital to our team, we are now well positioned to scale and accelerate our sales and service offerings to deliver even greater competitive advantage for our customers, partners and shareholders.”