Xocean Secures $119M Funding to Advance Ocean Data Collection with USVs

Xocean Secures $119M Funding to Advance Ocean Data Collection with USVs
Xocean, an Irish marine robotics startup, has successfully raised €115 million ($119 million) to enhance its ocean data services for the energy and hydrography sectors. Established in 2017, the company operates a fleet of uncrewed surface vessels (USVs) equipped with advanced sensors to gather critical environmental data. Xocean's clientele includes major players like BP and Shell, and with this new funding, it aims to expand into additional offshore markets such as wind energy and carbon capture. The investment was led by S2G Ventures, reflecting growing interest in climate tech solutions.