# Seatrec

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/seatrec

- Industry: Renewable Energy
- Headquarters: Monrovia, US
- Website: www.seatrec.com
- Total disclosed funding: $3.3M
- Latest round: Seed (Oct 27, 2020)
- Investors on record: 7

## About

Seatrec, Inc. is a technology company specializing in subsea drones, designed for sustainable underwater operations through innovative energy harvesting systems.Founded in 2012 by Yi Chao, Seatrec, Inc. is based in Monrovia, US, focusing on the development of subsea drones. The company has executed a total of 4 deals, with its most recent funding round being a Seed round in October 2020 where it raised USD 2.000 mn, supported by investors such as Blue Angel Venture and Pasadena Angels. The firm has not undergone any notable pivots or changes in its business operations since its inception.Seatrec specializes in the design and manufacture of innovative subsea drones, including its flagship product, the infiniTE™ Float. This advanced profiling float harnesses ocean temperature gradients to generate electricity, allowing for sustainable operations without traditional power sources. It can conduct up to four missions daily, reaching depths of 1,000 meters, serving marine researchers and defense agencies, with deployments noted off Destin, Florida, and Kona, Hawaii.Seatrec generates revenue through direct sales of its infiniTE™ Floats and associated services, targeting oceanography, defense, and environmental monitoring sectors. The company engages in B2B transactions with research institutions and governmental organizations, providing customized subsea drones that enhance marine data collection capabilities. Specific pricing details are not disclosed, but the business model emphasizes durable, cost-effective solutions for critical ocean data needs.Seatrec intends to utilize the USD 2.000 mn raised in its Seed funding round to expand its product offerings and explore new markets. The company is focused on developing additional subsea drone technologies and aims to increase its presence in regions with significant oceanographic research activity by 2025. Recent funding will support these initiatives, enhancing its capabilities in various environmental monitoring applications.

## Funding rounds

- Seed, Oct 27, 2020, $2M — Pasadena Angels, Frontier Angel Fund, Blue Angel Venture, Sunstone Management
- Seed, Jan 23, 2020, $1M — Pasadena Angels, Tech Coast Angels, Los Angeles Cleantech Incubator
- Seed, Oct 11, 2016, $0.3M — Breakout Ventures

## Investors

- Breakout Ventures (https://capitalatlas.ai/funds/breakout-ventures) — Seed
- Pasadena Angels (https://capitalatlas.ai/funds/pasadena-angels) — Seed
- Tech Coast Angels — Seed
- Los Angeles Cleantech Incubator (https://capitalatlas.ai/funds/los-angeles-cleantech-incubator) — Seed
- Frontier Angel Fund (https://capitalatlas.ai/funds/frontier-angel-fund) — Seed
- Blue Angel Venture (https://capitalatlas.ai/funds/blue-angel-venture) — Seed
- Sunstone Management (https://capitalatlas.ai/funds/sunstone-management) — Seed