Liquid Robotics Lands $22,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3e2b0e0e-f9b2-43c1-9f10-3d87b72ca5fe&Preview=1 -
Date
6/7/2011 -
Company Name
Liquid Robotics -
Mailing Address
1329 Moffett Park Drive Sunnyvale, CA 94089 -
Company Description
Initially a joint venture between Jupiter Research Foundation and Roger Hine to develop an unmoored, station-keeping data buoy for monitoring humpback whales, Liquid Robotics was incorporated in January of 2007 to continue development of the technology. -
Website
http://www.liquidr.com -
Transaction Type
Venture Equity -
Transaction Amount
$22,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The investment, the company’s first from venture capital, will help Liquid Robotics expand its business of deploying unmanned floating devices to remote parts of the ocean to measure things like oil spills for energy companies or fish populations for fisheries. -
M&A Terms
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Venture Investor
VantagePoint Venture Partners -
Venture Investor
Schlumberger
