Zeabuz AS has secured a NOK 40 million (approx. US$4.2 million) funding round to support the international deployment of its autonomous maritime technology. The investment was led by Grieg Kapital AS, with participation from Eitzen AS, Barclay Holding AS, and existing shareholders.
The capital represents the largest raise for the Norwegian company to date. The funds will be used to expand the organisation and strengthen its capacity to deliver systems to international markets.
” We are seeing a clear shift from pilot projects to full-scale deployment across both commercial and defence applications. This funding enables us to scale in line with growing demand from partners who are now ready to move into operational use of autonomous systems,” said Øyvind Smogeli, Chief Executive Officer and Co-Founder of Zeabuz.
As part of the agreement, Eirik Barclay has joined the company as Executive Chair. He will focus on strengthening governance and supporting commercial expansion as the company moves beyond technology development.
“Zeabuz is entering a pivotal phase where proven technology meets accelerating market demand. What stands out is the company’s ability to translate autonomy into scalable, real-world operations. This capital raise strengthens the foundation for disciplined growth,” said Mr Barclay.
Grieg Kapital, which brings maritime and industrial expertise to the partnership, highlighted the company’s dual-use strategy. The investor noted that the market for autonomous maritime technology is developing rapidly across multiple sectors.
“We see strong potential in the company’s dual-use strategy and its position in a rapidly developing market for autonomous maritime systems. What we found is a company that is genuinely ahead of the curve in maritime autonomy, operating in two markets that are both growing fast,” said Magnus Sørensen Ullereng of Grieg Kapital.
