![]() At the heart of the AUV system are on-board edge-processing and the aforementioned recharging capabilities. Terradepth says its current method for collecting data is more scalable than the alternatives, due largely to its costing a fraction of the price. Governments, businesses, and research organizations need this information to mitigate climate change, reduce risk, and plan effectively.” The power to act and understand begins with knowledge and data. “Terradepth’s one-of-a-kind ocean data portal and its autonomous underwater vehicles will provide a full map of the oceans, accurately and at scale. “Our vast oceans cover most of our planet and are vital to human life, yet we know very little about them,” Giant Ventures Managing Partner Cameron McLain says in a release tied to the news. It also provides at Earth’s las great unexplored frontier. Offering insight into depths of up 6,000 meters provides all sorts of actionable insights for a variety of industries. As is the case with most of these monitoring robots, data is the real eventual moneymaker for a company. Through Absolute Ocean, the company is looking to monetize the information it collects as sharable cloud-based content. Nimble Ventures Startups Growth Data hints at the value of startup offices Natasha Mascarenhas 5:00 AM PST FebruData looks at whether having an office, at the earliest stages of. Specifically this time out, Terradepth is looking to improve its data visualization platform, Absolute Ocean, as well as recharging capabilities for the AUVs (submersible drones) it uses to collect all of that data. This latest round, led by Giant Ventures and Nimble Ventures, is aimed at fueling a model the company punchily describes as “Google Earth for Oceans.” It announced an $8 million round back in 2019, and just added another $20 million to its hopper. There are myriad reasons for doing so, from studying biodiversity to laying underground cable.Īustin-based Terradepth is itself a relatively new entrant - though the firm has already drummed up a good deal of funding in its short life. Funding Rounds Number of Funding Rounds 4 Total Funding Amount 26. Sign up for a free trial to view exact valuation and search companies with similar valuations. ![]() Lambent has a post-money valuation in the range of 50M to 100M as of Aug 5, 2021, according to PrivCo. ![]() A number of firms out there are working to improve what we know about a largely un-explored portion of our planet, and in recent years initiatives like the XPrize have been pushing young upstarts to take part. PBJ Capital and Nimble Ventures are the most recent investors. ![]() The remaining portion adds up to around double the surface area of Mars. At last count, roughly 20% of the ocean floor has been mapped. ![]()
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