# Liquid Robotics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liquid-robotics

- Industry: Ship Building & Repair
- Headquarters: Sunnyvale, US
- Website: www.liquid-robotics.com
- Total disclosed funding: $65M
- Latest round: Series E (Mar 19, 2013)
- Investors on record: 3

## About

Liquid Robotics designs and manufactures the Wave Glider®, an innovative ocean surface robot that autonomously collects and analyzes maritime data for diverse applications ranging from environmental monitoring to defense.Founded in 2007 in Sunnyvale, US, Liquid Robotics specializes in ocean robotics, particularly the Wave Glider. The company has attracted attention for its innovative approach to maritime data collection. In December 2016, the Boeing Company acquired Liquid Robotics for undisclosed financial terms. The company has received a total of USD 45.00 mn in funding, with the latest round being a Series E in December 2016, led by Riverwood Capital. The current CEOs are Graham Hine and Shane Goodenough.Liquid Robotics specializes in the development and manufacturing of the Wave Glider®, an advanced ocean surface robot designed for a multitude of applications in maritime data collection and analysis. The Wave Glider operates by harnessing the ocean's wave and solar energy, allowing it to navigate autonomously while collecting valuable environmental data. This technology is primarily employed in sectors such as defense, environmental monitoring, and scientific research, addressing critical challenges such as maritime security threats and the need for robust oceanographic data. The company serves a diverse clientele that includes government agencies, research institutions, and commercial enterprises across various geographical markets, including North America, Europe, and select regions in Asia-Pacific. The Wave Glider has been pivotal in enhancing operational capabilities in oceanic research and surveillance since its introduction, providing end users with real-time data and analytics to inform decision-making processes.Liquid Robotics generates revenue primarily through sales of its Wave Glider systems, as well as through partnerships and service contracts for ongoing support and data services. Transactions typically involve direct sales to government and commercial clients, with products sold as part of a larger service package that may include training and maintenance. The flagship Wave Glider is central to these offerings, with service agreements promoting recurring revenue streams, ensuring clients have continuous access to enhanced functionalities, data analysis, and technological updates. This transactional model fosters long-term relationships with clients, enabling effective use of the Wave Glider across various applications while benefiting from ongoing support and technological advancements.Liquid Robotics is focused on expanding its product line and market reach. The company is currently designing new versions of the Wave Glider aimed at enhancing operational capabilities in diverse environments. It is targeting expansion into additional geographic markets, particularly in Asia-Pacific and Europe, by 2025. The recent funding of USD 45.00 mn will support these initiatives, particularly in research and development for next-generation products and enhancing operational scalability in new regions.

## Funding rounds

- Series E, Mar 19, 2013, $45M — VantagePoint Capital, Riverwood Capital
- Series D, Jan 18, 2011, $20M — VantagePoint Capital, SLB

## Investors

- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series D, Series E
- SLB — Series D
- Riverwood Capital (https://capitalatlas.ai/funds/riverwood-capital) — Series E