Closes $2.8M Investment Round to Further Scale Commercial Operations for Sustainable Ocean Monitoring
Summary
To advance its innovative solutions in Southeast Asian markets, OOR is currently participating in the PIER71 Smart Port Challenge, an initiative of the Maritime and Port Authority of Singapore and the National University of Singapore.This investment from leading global impact investors underscores their confidence in our company and our vision for sustainable, cost-effective, and scalable ocean monitoring, says Julie Angus, CEO and co-founder of OOR. Their USVs have been used to safeguard marine protected areas against illegal fishing, protect endangered whale populations, and help restore maritime biodiversity.Traditionally, monitoring coastlines and open waters required fixed assets on shore, satellites, crewed ships, or aircraft, which were expensive, labor-intensive, and polluting. OOR provides safe, affordable, sustainable, and scalable ocean monitoring solutions that are solar-powered, allowing their uncrewed surface vehicles to operate at sea for months at a time, collecting data with a suite of sensors without producing GHG emissions, noise pollution, or risking oil spills.We are excited to support Julies mission to revolutionize and decarbonize ocean monitoring through advanced technology, says Michael Gryseels, Founder and Managing Partner of Antares Ventures. Using solar-powered USVs equipped with a suite of sensors, the company delivers real-time, scalable, and environmentally friendly ocean data solutions for a range of industries, including environmental monitoring, security, and research.A press kit is available atAntares Ventures is a pioneering Deep Tech VC Fund based in Singapore, strategically investing in early-stage, deep-science-backed ventures that address sustainability in Asias growth markets, such as the energy transition, industrial decarbonization, sustainable cities, mobility, agriculture, and healthcare. With a global mandate, Antares targets exceptional deep-tech ventures aspiring to expand across Asias dynamic markets, providing hands-on support through its leadership experience, proprietary market insights, in-house value creation team, senior advisors, corporate partners, and extensive local networks.