Maker of Underwater Robots Snags $52 Million for Global Push

Neptune Robotics, a company that manufactures underwater robots for cleaning the hulls of large ships, has secured $52 million in funding to support its global expansion plans. The robots developed by Neptune Robotics utilize artificial intelligence (AI) technology to automate the ship-cleaning process, which is typically a labor-intensive and time-consuming task. The funding round was led by a group of investors, including several venture capital firms and strategic partners. The company plans to use the new capital to further develop its AI-powered technology, expand its global footprint, and meet the growing demand for its innovative solutions in the maritime industry. Neptune Robotics' robots are designed to increase the efficiency and cost-effectiveness of ship maintenance, while also reducing the environmental impact associated with traditional cleaning methods. The company's goal is to become a global leader in the underwater robotics market, providing its technology to ports and shipping companies around the world.