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SEA MACHINES SECURES INVESTMENT IN AUTONOMOUS SHIPS

Friday, October 30, 2020 

US company Sea Machines Robotics, a developer of autonomous systems for ocean-going vessels, says it has secured funding to meet its full US$20m investment goal, having achieved a second close of US$5m following its first close of US$15m in July.

The latest close includes follow-on investments by the Brunswick Corporation and investment partner TechNexus, Toyota AI Ventures and NextGen Venture Partners. Sea Machines welcomes a new investor, Dolby Family Ventures of San Francisco. 

Sea Machines CEO Michael G Johnson said: “We set the goals for this round in March and with this now accomplished we find ourselves in a great position to focus on execution and scaling by growing our team, expanding our product sales and furthering our advanced technology. Market adoption of our autonomous and remote command products is well underway and over the next year we will be delivering new cutting-edge technical features, including computer vision for domain sensing and advancements in decision support.”

Sea Machines’ autonomous system works under the command of a human operator and – by taking on the long duration and often repetitive control duties – it boosts predictability and precision of operations while lowering the risk of fatigue-related incidents.

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