Bedrock Ocean Exploration

Bedrock Ocean Exploration

Conducts marine surveys using AUV technology

About Bedrock Ocean Exploration

Simplify's Rating
Why Bedrock Ocean Exploration is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Government & Public Sector

Social Impact

Company Size

11-50

Company Stage

Series A

Total Funding

$32.6M

Headquarters

New York City, New York

Founded

2019

Overview

Bedrock Ocean conducts marine surveys using Autonomous Underwater Vehicles (AUVs) equipped with tools like multi-beam sonar and magnetometers to collect detailed seafloor data. The company focuses on a "data-first" approach, prioritizing the management and interpretation of oceanic data for clients such as environmental organizations and government agencies. Unlike competitors, Bedrock Ocean aims to create a publicly available map of the world's oceans that is significantly more detailed than current maps. Their goal is to enhance understanding of the oceans, which is vital for sustaining life on Earth.

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Simplify's Take

What believers are saying

  • Increased offshore wind energy demand boosts need for Bedrock's detailed seafloor mapping.
  • AI and machine learning enhance seafloor mapping accuracy, benefiting Bedrock's data interpretation.
  • Cloud-based platforms trend offers Bedrock expansion opportunities for data accessibility and collaboration.

What critics are saying

  • Emerging startups in AUV market threaten Bedrock's market share with innovative technologies.
  • Technical challenges in integrating Shone Automation's technology may delay service expansions.
  • Stricter environmental regulations could increase operational costs for Bedrock Ocean.

What makes Bedrock Ocean Exploration unique

  • Bedrock Ocean uses AUVs for high-resolution seafloor mapping, unlike traditional ship methods.
  • Their data-first approach prioritizes oceanic data collection and interpretation for valuable insights.
  • They aim to create a publicly available ocean map 50 times more detailed than current maps.

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Funding

Total Funding

$32.6M

Above

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$25.5M
Bedrock Ocean Exploration
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

0%
Aurore An Horizon
Sep 10th, 2024
Bedrock Ocean Exploration

Summary: Bedrock Ocean is developing a fleet of autonomous underwater machines to traverse the ocean floor, map the landscape by using various sensors, and use this data to build a bathymetric representation of the ocean with far more precision and fidelity than traditional methods that rely on ships on the surface of the ocean and satellites in low Earth orbit.

WebWire
Dec 13th, 2023
Bedrock Ocean Exploration Acquires Shone Automation Technology Assets to Expand Ocean Mapping Data Services

Bedrock Ocean Exploration, an ocean-mapping data company creating the world’s first detailed commercial and publicly available data library of the ocean, today announced the acquisition of core technology and software from Shone Automation Inc. This purchase will help expand on a first-of-its-kind ocean mapping data offering that supports offshore wind development and tangential ocean infrastructure markets. Shone’s nautical charts backend technology will integrate into Bedrock’s Mosaic™...

Eater
Aug 23rd, 2023
National Theatre Redevelopment Includes Entertainment District With Food and Drink Options

As part of those plans, Bedrock has partnered with tvg Hospitality to rehab the National Theatre, which first opened its doors in 1911 but fell into disrepair after its closure in 1975.

Robotics 247
Jul 13th, 2023
Bedrock Raises $25.5M Series A for Robots for Seafloor Exploration and Offshore Wind Energy

Bedrock Ocean Explorations has raised funding to continue development of its autonomous underwater vehicle for oceanographic data acquisition and its cloud platform.

Offshore Energy
Jul 12th, 2023
U.S. AUV developer marks first step towards tech’s commercialisation, aims to accelerate seafloor data acquisition for offshore wind

Bedrock, the US-based developer of a portable autonomous underwater vehicle (AUV) for offshore wind surveys, has secured $25.5 million in a Series A funding round, bringing its total funding to date to $33.5 million and the technology a step closer to commercial use.

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