US-based autonomous vessel systems company Sea Machines Robotics has announced that it has raised another $5 million in funding, adding to the $15 million raised in July to complete a $20 million B-Round fundraising campaign this year.
The new additional capital includes follow-on investments by the Brunswick Corporation and its investment partner TechNexus, Toyota AI Ventures and NextGen Venture Partners. Sea Machines also welcomes a new investor in this most recent funding tranche – Dolby Family Ventures of San Francisco.
“We set the goals for this round in March and with this now accomplished we find ourselves in a great position to focus on execution and scaling by growing our team, expanding our product sales and furthering our advanced technology,” said Michael Johnson, CEO of Sea Machines.
“Market adoption of our autonomous and remote command products is well underway and over the next year we will be delivering new cutting-edge technical features, including computer vision for domain sensing and advancements in decision support.”