Liquid Robotics Completes $22M Funding Round

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Liquid Robotics Completes $22M Funding Round

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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Finance & Investment · Financial News · Financial Reports · Investments · Industry News · Liquid Robotics · View all topics

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