Neptune raises $17.25M to clean ship hulls with robots
Biofouling on ship hulls increases fuel consumption around 15% on average. Neptune Robotics builds systems designed to clean the gunk off the front of ships — sort of a large, vertical, submergible Roomba, if you will.
SOSV's HAX is the most active early stage investor in hard tech startups, empowering founders building with robotics, internet of things, digital health, consumer products and industrial technologies. The HAX Program combines hands-on co-development with our experienced product development team, multi-stage venture capital investment, and collaboration with our global founder community building hard tech startups. Since 2012, HAX has invested in over 250 startups meshing hardware and software across its locations in San Francisco, Shenzhen and Tokyo.