# Abyss Solutions Pty.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/abyss-solutions-pty

- Industry: Software
- Headquarters: Sydney, Australia
- Website: www.abysssolutions.co
- Total disclosed funding: $9.9M
- Latest round: Series B (Sep 1, 2022)
- Investors on record: 5

## About

Abyss Solutions Pty. Ltd. is a technology firm specializing in advanced inspection intelligence through autonomous robotics, data analytics, and artificial intelligence to optimize asset management and maintenance across various industries.Abyss Solutions Pty. Ltd. was established in 2014 in Sydney, Australia. The company focuses on providing inspection intelligence solutions, evolving its operations to meet increasing demand for high-precision underwater inspections. It has raised a total of AUD 10.000 mn through a SERIES B funding round in September 2022, led by AirTree Ventures, with a current valuation of AUD 134.139 mn. The founders, Masood Naqshbandi and Nasir Ahsan, have not previously been reported as founders of other firms.Abyss Solutions specializes in next-generation inspection intelligence, offering advanced products and services that leverage autonomous robotics, data analytics, and artificial intelligence. Their core offerings include the Abyss Fabric and Lantern Eye solutions, which are designed to capture and analyze vast volumes of asset data efficiently and effectively. These technologies enable high-precision underwater inspections, creating digital replicas of assets and identifying defects with extreme accuracy. Their services target industries such as energy, marine, and infrastructure, addressing critical needs such as risk reduction, maintenance prioritization, and performance optimization. The company serves a diverse clientele, including some of the world's largest corporations, across geographic markets such as Australia, the United States, and the United Kingdom.Abyss Solutions operates on a B2B business model, delivering its inspection services through strategic partnerships and direct contracts with large enterprises. Revenue generation occurs through the deployment of proprietary technologies and solutions tailored to the specific needs of clients. Transaction structures include long-term contracts for ongoing inspection services, either as subscription-based models or one-time project fees. While specific pricing details are undisclosed, flagship solutions like Abyss Fabric and Lantern Eye are central to the revenue framework, reflecting the company's commitment to providing high-value outcomes for clients seeking advanced inspection capabilities and risk management solutions.In September 2022, Abyss Solutions Pty. Ltd. raised AUD 10 million in SERIES B funding from AirTree Ventures to support its growth strategy. The company aims to enhance its product offerings with the development of new technologies aimed at improving inspection capabilities. Abyss is also targeting expansion into new geographic regions, specifically the United States and Europe, by 2024. The recent funding will play a crucial role in supporting these initiatives, allowing the company to invest in research and development, as well as scaling its operational capabilities.

## Funding rounds

- Series B, Sep 1, 2022, $6.9M — AirTree Ventures
- Series A, Oct 2, 2020, $2.3M — AirTree Ventures, Follow[the]Seed, Jelix Ventures
- Seed, Mar 8, 2017, $0.7M — Muru Digital, Follow[the]Seed, C First Investments Pty Ltd

## Investors

- Muru Digital — Seed
- Follow[the]Seed (https://capitalatlas.ai/funds/follow-the-seed) — Seed, Series A
- C First Investments Pty Ltd — Seed
- AirTree Ventures (https://capitalatlas.ai/funds/airtree-ventures) — Series A, Series B
- Jelix Ventures (https://capitalatlas.ai/funds/jelix-ventures) — Series A