PR92390

ALAMEDA, Calif., Oct. 18, 2021 /PRNewswire=KYODO JBN/ --

Saildrone, the emerging market leader in ocean data, ocean mapping, and

maritime intelligence solutions, today announced the close of its $100M Series

C round, bringing its total funding to $190M.

Led by BOND, the round includes new investors XN, Standard Investments, Emerson

Collective, and Crowley Maritime Corporation, as well as participation from

previous investors, Capricorn's Technology Impact Fund, Lux Capital, Social

Capital, and Tribe Capital. The new financing will be used to grow Saildrone's

data insight teams and scale go-to-market functions to meet the rapidly growing

demand for ocean domain intelligence.

Saildrone's products are based on data collected from a fleet of uncrewed

surface vehicles (USVs) that are powered primarily by renewable wind and solar

power. Saildrone USVs are the most reliable autonomous vehicles on the planet,

sailing over 500,000 nautical miles and clocking more than 15,000 days at sea

in some of the harshest conditions on the planet. From the ice edge in the high

Arctic to the inhospitable Southern Ocean, Saildrone USVs have proven their

exceptional endurance and ability to collect rich, high-precision data. Only

last week, a Saildrone USV navigated to the heart of Hurricane Sam, in a world

first, taking scientific measurements and HD video that stands to transform our

understanding of hurricane forecasting.

Saildrone not only collects scientific data for climate intelligence and

high-resolution bathymetric mapping of the ocean floor, it also uses

proprietary machine learning to provide marine domain awareness (MDA/ISR) for

law enforcement and homeland security applications such as policing IUU

fishing, counter narcotics operations, and marine sanctuary protection.

"We're thrilled to partner with Saildrone as they build out the future of

maritime intelligence, drawing on their unique technological differentiation

and expansive mission history to serve customers across diverse industries,"

said Noah Knauf, general partner at BOND, who will join the company's Board of

Directors.

An American owned and operated company founded in 2012, Saildrone's mission is

to sustainably explore, map, and monitor the ocean to understand, protect, and

preserve our world. Predominantly powered by renewable energy, Saildrone USVs

have a minimal carbon footprint and are equipped with advanced sensors and

embedded ML/AI technology to deliver critical insights from any ocean, at any

time of year.

"We are honored to have the BOND team and our new investors join our journey,"

said Richard Jenkins, Saildrone founder and CEO. "The combination of the most

tried and tested autonomous ocean technology with the partnership of some of

the most experienced venture capitalists in the world consolidates our industry

leadership and enables our rapid growth path to meet the needs of our

customers."

Contact:

Susan Ryan

Vice President Marketing, Saildrone

Cell: (314) 914-5008

susan.ryan@saildrone.com

SOURCE: Saildrone Inc.