Vaarst - About the company
Vaarst is a series B company based in Bristol (United Kingdom), founded in 2015 by Brian Allen. It operates as a Provider of AI-based robotic analysis solutions for marine. Vaarst has raised $26M in funding from investors like Legal & General, Future Planet Capital and SDF. The company has 192 active competitors, including 38 funded and 20 that have exited. Its top competitors include companies like Planys Technologies, EyeROV and Bedrock.
Company Details
Provider of AI-based robotic analysis solutions for marine. It provides users with a cloud-based platform that uses computer vision technology to capture 3D point cloud, and for storing, managing, and analyzing data. Its features include 3D live streaming and geo-referencing capabilities.
- Website
- vaarst.com
- Email ID
- *****@vaarst.com
- Phone Number
- +44 **********
Key Metrics
Founded Year
2015
Location
Bristol, United Kingdom
Stage
Series B
Total Funding
$26M in 2 rounds
Latest Funding Round
Investors
Ranked
10th among 192 active competitors
Employee Count
28 as on Jul 01, 2024
Legal entities associated with Vaarst
Vaarst is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
VAARST LIMITED CIN: 13245875 , Germany, Active | Mar 03, 2021 | - | - |
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Vaarst's funding and investors
Vaarst has raised a total funding of $26M over 2 rounds. Its first funding round was on Apr 01, 2022. Its latest funding round was a Series B round on Nov 11, 2022 for $*****. 2 investors participated in its latest round. Vaarst has 7 institutional investors.
Here is the list of recent funding rounds of Vaarst:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 11, 2022 | 7173453 | Series B | 5649104 | 2721134 | 9644534 | 1187151 |
Apr 01, 2022 | 2783884 | Series B | 1335856 | 8386398 |
View details of Vaarst's funding rounds and investors
Vaarst's founders and board of directors
Founder? Claim ProfileThe founders of Vaarst is Brian Allen.
Here are the details of Vaarst's key team members:
- Brian Allen: Founder & CEO of Vaarst. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address
View details of Vaarst's Founder profiles and Board Members
Vaarst's employee count trend
Vaarst has 28 employees as of Jul 24. Here is Vaarst's employee count trend over the years:
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Vaarst's Competitors and alternates
Top competitors of Vaarst include Planys Technologies, EyeROV and Bedrock. Here is the list of Top 10 competitors of Vaarst, 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 | Kraken Robotics 2008, Paradise Cove (Canada), Public | Provider of unmanned maritime vehicles | - | 57/100 | |
5th | Seasats 2020, San Diego (United States), Series A | Manufacturer of unmanned surface vehicles for sea inspection | $50.1M | 57/100 | |
6th | Rovco 2015, Bristol (United Kingdom), Deadpooled | Provider of AI-driven ROVs and services for inspection of ships | $38.5M | 56/100 | |
7th | Vatn Systems 2023, Portsmouth (United States), Series A | Developer of autonomous underwater vehicles | $76.5M | 54/100 | |
8th | Abyss Solutions 2014, Pyrmont (Australia), Series B | Provider of autonomous inspection solutions for critical infrastructure and assets | $19.2M | 53/100 | |
9th | Manufacturer of remotely operated underwater vehicles and related accessories | $17.5M | 52/100 | ||
10th | Vaarst 2015, Bristol (United Kingdom), Series B | Provider of AI-based robotic analysis solutions for marine | $26M | 52/100 |
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Vaarst's Investments and acquisitions
Vaarst has made no investments or acquisitions yet.
News related to Vaarst
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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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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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DeepOcean deploys autonomous inspection drone for offshore opsOffshore Technology•Apr 24, 2023•DeepOcean, Argus Remote Systems, Vaarst
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Vaarst brings state-of-the-art robotic technology to U.S. oil and gas industryWorld Oil•Feb 09, 2023•Vaarst
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Bristol renewables firms bring in £15.2mInsider Media•Apr 01, 2022•Vaarst, Legal & General Capital, DeepOcean, Equinor and 1 other
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