Singapore’s BeeX raises $2M in funding led by Earth Venture Capital, ShipsFocus Ventures

singapore’s beex raises $2m in funding led by earth venture capital, shipsfocus ventures

BeeX, a Singapore-based firm in providing autonomous robotics solutions to safeguard underwater infrastructures, has recently closed its $2 million bridge round with oversubscribed.

BeeX said in a statement on Wednesday that the latest round is co-led by Earth Venture Capital and ShipsFocus Ventures with the participation of SEEDS Capital, NUS Technology Holdings, and Infinita VC.

According to the statement, The funds will be dedicated to accelerating BeeX’s go-to-market for autonomous offshore wind farm inspections in Europe.

It also underscores the confidence that investors have in BeeX’s team, and the value of their disruptive technology in underwater operations.

By the end of 2024, BeeX aims to launch the next-gen HAUV, BETTA – to address the demands of offshore wind inspection.

BETTA will have 10 times greater power, 3 times more endurance and 4 times higher computing prowess.

The system will leverage the fast iteration of autonomy on its smaller sibling, A.IKANBILIS.

BeeX officially launched its flagship Hovering Autonomous Underwater Vehicle (HAUV) – A.IKANBILIS only in 2022, and has since consistently outperformed existing systems in the market.

“BeeX rides on our decades-long and continuous data gathering for underwater autonomy,

“Our robots and software solutions help energy developers, ship owners, and governments save costs to inspect their critical structures, as well as protect their people from risky operations,” said Grace Chia, Chief Executive Officer and Co-Founder of BeeX.

“Our customers have reported up to 95 percent less carbon dioxide emission, 50 percent lower risk-to-life, and 10 times better efficiency compared to conventional methods,

“I am grateful for our supportive investors, whose funding will grow BeeX’s ability to help our customers become more sustainable and profitable,” she added.

BeeX is a firm provides autonomous underwater robotics solutions to a spectrum of customers from the maritime, energy and defense sectors globally.

The firm’s artificial intelligence (AI)-enabled robots and software solutions help unlock maximum productivity in underwater operations, with minimum resources.

It strives to provide its customers with a one-point solution for asset integrity management — protecting assets they value, making sure they stay safe.

With recurring clients in Asia and Europe, BeeX said the firm has proven the economic attractiveness of autonomous operations to asset owners and has the vision to deploy this cutting-edge maintenance solution in maritime, energy, environment and defense industries.

“The innovative solutions and the vision presented by BeeX align perfectly with Earth Venture Capital’s commitments to decarbonise the maritime sector, which mostly relies on fossil fuel,

“We are excited to co-lead this funding round and become a long term partner to support BeeX in their future mission.” said Linh Nguyen, General Partner of Earth Venture Capital.

To date, BeeX has already changed how ship hulls, underwater infrastructures, and floating solar inspections are conducted in Singapore, along with the solid tractions in Germany, the Netherlands, and the United States.

“Grace and her team have built a unique technology and positioned it for a perfect new energy tailwind,

“This round is appropriately structured to support BeeX in its European mission for gainful traction. Better things will happen.” said Chua Chye Poh, Chief Executive Officer at ShipsFocus Ventures.

ShipsFocus Ventures invests and builds early-stage startups (Seed to Series A) for a tech-enabled maritime supply chain it views the new industrial growth drivers rely on.

Earth Venture Capital is a venture capital firm investing globally in climate-tech companies.

The firm focuses on early stage startups (Seed to Series A) with AI/machine learning, robotics, internet of things and new materials technologies that serve the goals of switching to renewable energy, abandoning fossil fuel and increasing the level of carbon storage.


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