raised $10 million<\/a> in a Series A funding round.<\/p>\n<\/p>\n
Huntington Ingalls described the partnership as a strategic equity investment that will help it expand in the rapidly growing autonomous and unmanned maritime systems industry. Earlier this year HHI added additional unmanned underwater vehicle capabilities through its March acquisition of Hydroid, an autonomous underwater vehicle company.<\/p>\n
<\/p>\n
\u201cThis investment represents our commitment to advanced innovation and competencies across the unmanned systems market,\u201d said Andy Green, executive vice president and president of technical solutions, HII. \u201cSea Machines is making significant strides in the unmanned surface vessel (USV) industry. We want to invest in their growth and continue to form complementary partnerships across this key domain.
\nThe recent investment round was led by Accomplice with further participation by Toyota AI Ventures, Brunswick Corp. (through investment partner TechNexus), Geekdom Fund, NextGen Venture Partners, Eniac VC, LaunchCapital and others.<\/p>\n
<\/p>\n
\u201cThis reinforces Sea Machines\u2019 position as the leading developer of autonomous navigation and wireless vessel control systems,\u201d said Michael G. Johnson, CEO, Sea Machines. \u201cOur ability to secure significant financing during a challenging economic environment is an indicator of investors\u2019 confidence in our ability to reshape and retool the marine industries with modern-day, advanced technologies. And being selected as technology partner by HII, a leader in every right, further affirms our course in product and market approach.\u201d<\/p>\n
<\/p>\n
Sea Machines\u2019 autonomous systems helps to increase productivity of vessel operations by assuming active domain perception and navigation duties. A Sea Machines system works under the command of a human operator and, by taking on the long duration and often repetitive control duties, it boosts the predictability and precision of operations while lowering the risk of fatigue-related incidents, the company explains. The technology also enables new capabilities on water, such as the onshore command of remote offshore vessels.<\/p>\n
<\/p>\n
\u201cWe are entering a phase of growth and universal interest like what was witnessed in the self-driving automotive space starting five years ago, but the difference being that marine self-piloting systems are already operationally deployed. We expect to see broad adoption of autonomous technology on water ahead of that on roads,\u201d added Sea Machines\u2019 Johnson.<\/p>\n
gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"
Founded in 2015, Sea Machines has become the United States\u2019 leading company in autonomous ship technology and currently provides commercial, recreational and government customers across the world with autonomy software. Their commercial, off-the-shelf technology can support remote controlled or fully autonomous command of vessels. Sea Machines said the investment marks one of the largest venture …<\/p>\n","protected":false},"author":1,"featured_media":14102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[713,2192,9023,2435,3146,9260,997,3214,63],"class_list":["post-14101","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-autonomous","tag-company","tag-huntington","tag-ingalls","tag-investment","tag-machines","tag-sea","tag-strategic","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/14101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=14101"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/14101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/14102"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=14101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=14101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=14101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}