Seafloor monitoring is slow, subjective and expensive. Our technology ensures seafloor maps are obtained in days rather than months. Customer segments include the underwater inspection industry (i.e., construction), research institutes and universities; but our focus lies with environmental consultancies.
Uniqueness, Technology overview, barriers to competition
Our technology is based on a unique machine-learning algorithm, which allows our camera to identify anything present on the seafloor whilst being objective. Maps created can be colour-coded interactively, so that anyone can understand the health status of the seafloor, where best (not) to build etc. We establish a unique Seafloor database of maps that is partially open-source, which can also be used by future technologies to, i.e. to determine the effects of climate change.
Market size and analysis
The international underwater inspection industry is a large market with a total value up to $63 billion (growth of 9.65% per year). We currently focus primarily on environmental consultancies (total market size: $13 billion; growth of 4.4% per year).
|First Name||Last Name||Job Title||Impressive Facts|
|Joost||den Haan||CEO||Has worked in seafloor monitoring industry.|
|Raja||Kandukuri||Head of hardware||Highly qualified Electrical and Mechanical Engineer.|
|Guy||Rigot||Head of software||Expert in software development, worked on Meteosat Satellites.|
Ask, use of proceeds, milestones
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