The company predicts it will achieve positive cash flow next year, and its board may consider a sale or IPO.
By Mark Ingebretsen
June 08, 2011
Liquid Robotics, a developer of robotic technology used to measure ocean data, received a $22 million investment from oilfield service firm Schlumberger and VantagePoint Capital Partners, a venture capital firm, according to Reuters.
The company plans to use this funding to further build its business involving the deployment of unmanned autonomous floating devices used to measure such things as oil spill contaminants and fish populations.
The company also appointed Bill Vass as chief operating officer. Prior to joining Liquid Robotics, Vas had served as president and chief…
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