Rovco - About the company
Rovco is a deadpooled company based in Bristol (United Kingdom), founded in 2015 by Brian Allen and Iain Wallace. It operates as a Provider of AI-driven ROVs and services for inspection of ships. Rovco has raised $38.5M in funding from investors like Foresight Group, BOOST&Co and Legal & General, with last known valuation of £*****. The company has 232 active competitors, including 43 funded and 34 that have exited. Its top competitors include companies like Planys Technologies, EyeROV and Bedrock.
Company Details
Provider of AI-driven ROVs and services for inspection of ships. Its product and service portfolio includes powerful electric work-class vehicles with e vectored thrust, compact inspection class ROV, a compact survey ROV, a workhorse of the Rovco fleet, and a compact ROV that comes with a manipulator, rear-facing camera, smart tether, sonar, blue view, HD or 4K camera. It also leverages AI technology for surveys and inspection.
- Website
- rovco.com
- Social
- Email ID
- *****@rovco.com
- Phone Number
- +44 **********
Key Metrics
Founded Year
2015
Location
Bristol, United Kingdom
Stage
Deadpooled
Total Funding
$38.5M in 9 rounds
Latest Funding Round
Last Known Valuation
£***** as on Jul 15, 2022
Investors
Ranked
7th among 232 active competitors
Annual Revenue
£13.7M as on Dec 31, 2022
Employee Count
50 as on Dec 31, 2020
Similar Companies
Legal entities associated with Rovco
Rovco is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ROVCO LIMITED CIN: 09742877 , United Kingdom, Active | Aug 20, 2015 | $16.9M (As on Dec 31, 2022) | 50 (As on Dec 31, 2020) |
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Rovco's funding and investors
Rovco has raised a total funding of $38.5M over 9 rounds. Its first funding round was on Dec 20, 2016. Rovco has 24 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Rovco:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 15, 2022 | 4834628 | Series B | 8447131 | 3017359 | 2183984 | 3559294 |
Mar 31, 2022 | 7398120 | Series B | 6448992 | 4963532 | 4499325 | |
Jan 21, 2022 | 7780303 | Series A | 7225294 | 1553015 | 2142252 |
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Rovco's founders and board of directors
Founder? Claim ProfileHere are the details of Rovco's key team members:
- Brian Allen: Founder & CEO of Rovco. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
- Iain Wallace: Former Co-Founder of Rovco. They serve on the board of 1 company.
Rovco's Board of Directors
Rovco's board has 5 active members. Brian Allen is part of team and John Yeomans, Andrew Bloxam, Richard Longdon and Martin Charles Young are independent board members.Here is the list of Rovco's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 6m | |
zowgvcl | Team | - | Past | 4y 2m |
zsoqkvq | Team | - | Past | 9y 6m |
Independent board member | - | Current | 7y 10m | |
avflpzt | Independent board member | - | Current | 7y 7m |
jnzqnqp | Independent board member | - | Current | 7y 5m |
vv{aslw | Independent board member | - | Current | 9y 6m |
qhypsyq | Independent board member | - | Past | 5y 6m |
View details of Rovco's Founder profiles and Board Members
Rovco's employee count trend
Rovco has 50 employees as of Dec 20. The total employee count is 43.0% more than what it was in Dec 19. Here is Rovco's employee count trend over the years:
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Rovco's Competitors and alternates
Top competitors of Rovco include Planys Technologies, EyeROV and Bedrock. Here is the list of Top 10 competitors of Rovco, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Planys Technologies 2015, Chennai (India), Series B | Provider of marine underwater robotics inspection platform | $21.4M | 67/100 | |
2nd | Provider of autonomous underwater vehicles and data analytics platform services | $3.44M | 63/100 | ||
3rd | Bedrock 2019, Brooklyn (United States), Series A | Operator of autonomous underwater vehicles providing high-resolution seafloor data services | $62.9M | 62/100 | |
4th | Beam 2016, Bristol (United Kingdom), Acquired | Technology company that provides sustainable infrastructure solutions | $39M | 62/100 | |
5th | Kraken Robotics 2008, Paradise Cove (Canada), Public | Provider of unmanned maritime vehicles | - | 57/100 | |
6th |  Seasats 2020, San Diego (United States), Series A | Manufacturer of unmanned surface vehicles for sea inspection | $50.1M | 57/100 | |
7th |  Rovco 2015, Bristol (United Kingdom), Deadpooled | Provider of AI-driven ROVs and services for inspection of ships | $38.5M | 56/100 | |
8th | Terradepth 2018, Austin (United States), Series B | Provider of autonomous subsea intelligence platform delivering actionable ocean data | $28M | 56/100 | |
9th |  Ocean Aero 2012, San Diego (United States), Series D | Provider of an AUV for surface and subsurface monitoring applications | $4M | 54/100 | |
10th |  Vatn Systems 2023, Portsmouth (United States), Series A | Developer of autonomous underwater vehicles | $76.5M | 54/100 |
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Rovco's Investments and acquisitions
Rovco has made no investments or acquisitions yet.
Reports related to Rovco
Here is the latest report on Rovco's sector:
News related to Rovco
Filter this list•
Beam Boosts Fleet with Two Explorer ASVs and Quantum EV ROVOedigital•Sep 18, 2024•Beamco, Rovco, Vaarst
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Rovco And Vaarst Announce Merger To Form Beam.globalWindtech-International•Sep 16, 2024•Beam, Vaarst, Rovco
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UXO clearance completed at Iberdrola’s Windanker site offshore GermanyOffshore Energy•Aug 01, 2024•Rovco, Iberdrola
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Rovco surveys site for 560MW Scottish floaterReNEWS•Jul 25, 2024•Rovco, Green Volt, Flotation Energy, Vargronn
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Rovco joins the Offshore Wind O&M PartnershipWindtech-International•Jun 17, 2024•Renewable Energy Systems, Rovco, GEV Wind Power, Outreachoffshore and 2 others
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ROVCO assessing site conditions at North Sea Outer Dowsing wind developmentOffshore Magazine•May 23, 2024•Rovco
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Rovco wins survey work on 1.5GW Outer Dowsing offshore wind farmSplash•May 23, 2024•Rovco, TotalEnergies, Corio Generation, Gulf
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Rovco to work on site characterization at 1.5 GW offshore wind project in UKOffshore Energy•May 22, 2024•Rovco
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Rovco and Vaarst to Bring On Board Over 150 Subsea Roles by End of 2025Offshore WIND•May 10, 2024•Rovco, Vaarst
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