Liquid Robotics Drinks in $22M

Wade Roush6/7/11

[Updated 6/7/11 5:15 pm PDT] Sunnyvale, CA-based Liquid Robotics, maker of an autonomous, wave-powered robot that can glide on or below the sea’s surface, carrying industrial, scientific, or military instrumentation payloads, said today that it has raised $22 million in Series D funding. Vantage Point Capital Partners led the round, which was joined by Schlumberger, the provider of oilfield exploration services. A January regulatory filing showed Liquid Robotics had collected $18 million out of a potential $23.2 million in equity-based financing; Liquid Robotics says that filing pertained to the same funding round announced today, but that the fundraising hadn’t been completed at the time of the filing.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @