EyeROV secures Rs 10 crore in pre-Series A funding to expand innovation in marine robotics

New Delhi, August 14 (KNN) In a major development for the Indian deep tech sector, marine robotics startup EyeROV successfully raised Rs 100 million (approximately $1.2 million) in a pre-Series A funding round.

The investment, led by Unicorn India Ventures, marks a landmark moment for the Kochi-based company as it looks to focus on international expansion and product development.

Founded in 2016 by IIT alumni Johns T. Mathai and Kannapp Palaniappan P., EyeROV quickly became a pioneer in the field of marine robotics.

The company’s innovative approach combines robotics with artificial intelligence to address critical needs in sectors such as energy, maritime, defence and infrastructure.

EyeROV’s signature achievements include the introduction of India’s first commercial underwater drones, also known as remotely operated vehicles (ROVs), and the launch of an unmanned surface vehicle (USV). These technologies have found application not only in India but also in the Middle East and North Africa (MENA) region.

Anil Joshi, Managing Partner at Unicorn India Ventures, highlighted the complexity of marine robotics and the precision required in developing underwater inspection drones. He expressed confidence in the potential of EyeROV, citing Unicorn India’s experience in deep-tech investments.

The fresh capital injection will be used primarily to accelerate EyeROV’s international market penetration and expand its product portfolio. The company has experienced steady revenue growth over the past two years and has successfully expanded into new verticals and geographies.

EyeROV CEO Johns T Mathai shared his enthusiasm about the funding, stating, “This investment will significantly boost our sales, R&D and operations. Our unique solutions for underwater infrastructure inspection have been proven in the Indian market and we are now ready to expand globally.”

The company’s client list includes major players like Tata, Adani, BPCL, DRDO and Indian Coast Guard. With over 100 underwater inspections completed, EyeROV has proven its capabilities in challenging environments, especially in the Indian hydropower sector, where it is a leader in ROV-based inspections.

Looking ahead, EyeROV is poised to capitalize on growing interest from India, the MENA region and Europe, particularly in the infrastructure, energy and oil and gas sectors.

The company’s focus on developing new R&D capabilities and bringing innovative solutions to market positions it well for future growth in the rapidly evolving field of marine robotics.

As EyeROV enters a new chapter, its success story is a testament to India’s growing potential for deep technology innovation and the potential for homegrown startups to make a global impact in specialized technology domains.

(KNN Office)