When was SeaTrac founded?

SeaTrac was founded in 2003 and raised its 1st funding round 17 years after it was founded.

Where is SeaTrac located?

SeaTrac is headquartered in Marblehead, United States.

How many employees does SeaTrac have?

As of Aug 31, 2026, the latest employee count at SeaTrac is 4.

Is SeaTrac a funded company?

SeaTrac is a funded company, having raised a total of $2.8M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 12, 2020.

When was the latest funding round of SeaTrac?

SeaTrac's latest funding was a $***** Seed round on Mar 14, 2024, with participation from 0 investor. Its primary sector is Renewable Energy Tech. In United States, the Renewable Energy Tech sector has seen $5.36B in funding in 2026 to date.

Where does SeaTrac rank among its competitors?

SeaTrac ranks 7th amongst 32 active competitors, of which 9 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Saronic, which secured $1.75B in Mar, 2026.

Who are the top competitors of SeaTrac?

SeaTrac's top competitors include Saronic, Saildrone and Fleetzero. Among them, Saronic secured the most recent funding round in March, 2026.

SeaTrac - 2026 Company Profile, Team, Funding & Competitors

SeaTrac is a seed company based in Marblehead (United States), founded in 2003 by Buddy Duncan and Jigger Herman. It operates as a Developer of a solar energy-based unmanned surface vehicle. SeaTrac has raised $2.8M in funding. The company has 32 active competitors, including 9 funded and 1 that has exited. Its top competitors include companies like Saronic, Saildrone and Fleetzero.

Company Details

Developer of a solar energy-based unmanned surface vehicle. Its surface vehicle is autonomous but can also be controllable with a remote. Its built-in sensors include wind speed or direction, air temperature/pressure, water temperature, and surface water current sensor. It provides services for defense, environment, and energy companies.

Website: www.seatrac.com/
Email ID: *****@seatrac.com
Phone Number: +1 **********

Key Metrics

Founded Year

2003

Location

Marblehead, United States

Stage

Seed

Total Funding

$2.8M in 3 rounds

Latest Funding Round

Seed, Mar 14, 2024, $*****

Ranked

7^th among 32 active competitors

Employee Count

4 as on Aug 31, 2026

Similar Companies

Saronic & 47 more

View SeaTrac's full profile

SeaTrac is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SeaTrac Systems, Inc. CIN: 823303521 , United States, Active		-	-	-

SeaTrac has raised a total funding of $2.8M over 3 rounds. Its first funding round was on Mar 12, 2020.

Here is the list of recent funding rounds of SeaTrac:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 14, 2024	7179127	Seed	7942744	3493766	5523129	2200089
Sep 27, 2022	8154486	Seed	4391489	4949820	5697023	7662992
Mar 12, 2020	1156174	Seed	8626346	6153634	4169227	6007427

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View details of SeaTrac's funding rounds and investors

The founders of SeaTrac are Buddy Duncan and Jigger Herman.

Here are the details of SeaTrac's key team members:

Buddy Duncan: Founder of SeaTrac.
Contact Info: 1 email address
Jigger Herman: Co-Founder of SeaTrac.
Contact Info: 1 email address

View details of SeaTrac's Founder profiles and Board Members

SeaTrac's employee count trend

SeaTrac has 4 employees as of Aug 26. Here is SeaTrac's employee count trend over the years:

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Top competitors of SeaTrac include Saronic, Saildrone and Fleetzero. Here is the list of Top 10 competitors of SeaTrac, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Saronic 2022, Austin (United States), Series D	Developer of autonomous surface vessels for naval and maritime forces	$2.58B	Kleiner Perkins, Caffeinated Capital & 29 others	67/100
2nd	Saildrone 2012, Alameda (United States), Series C	Developer of autonomous unmanned surface vehicle	$325M	Bond Capital, Horizons Ventures & 23 others	64/100
3rd	Fleetzero 2021, Houston (United States), Series A	Platform offering modular electric propulsion and hull systems for cargo ships	$59.6M	Obvious Ventures, Breakthrough Energy & 9 others	63/100
4th	Arc Boats 2021, Los Angeles (United States), Series C	Manufacturer of electric ships	$150M	Abstract Ventures, Menlo Ventures & 16 others	58/100
5th	Vision Marine Technologies 1995, Boisbriand (Canada), Public	Developer of electric boats	-	Quebec, Invest Quebec	51/100
6th	Pure Watercraft 2011, Seattle (United States), Series B	Manufacturer of electric outboard motors and marine propulsion systems	$67.7M	General Motors, L37 & 6 others	49/100
7th	SeaTrac 2003, Marblehead (United States), Seed	Developer of a solar energy-based unmanned surface vehicle	$2.8M	-	39/100
8th	Magnet Defense 2025, Miami (United States), Unfunded	Manufacturer of autonomous maritime vessels for defense and logistics operations	-	-	27/100
9th	SW/TCH 2017, Brooklyn (United States), Series A	Operator of vessels providing transportation and logistics for the maritime industry	$10M	Nexus Dev	26/100
10th	Electric Blue Power 2019, United States, Unfunded	Manufacturer and developer of lithium battery and solar panels	-	-	26/100