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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
Social
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Email ID
*****@vaarst.com
Phone Number
+44 **********
Part Of
Key Metrics
Founded Year
2015
Location
Bristol, United Kingdom
Stage
Series B
Total Funding
$26M in 2 rounds
Latest Funding Round
Ranked
Employee Count
28 as on Jul 01, 2024
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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
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Vaarst's founders and board of directors

Founder? Claim Profile
The founders of Vaarst is Brian Allen.
Here are the details of Vaarst's key team members:

Vaarst's employee count trend

Vaarst has 28 employees as of Jul 24. Here is Vaarst's employee count trend over the years:
Employee count trend for Vaarst
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Planys Technologies
Planys Technologies
2015, Chennai (India), Series B
Provider of marine underwater robotics inspection platform
$21.4M
67/100
2nd
Logo for EyeROV
EyeROV
2016, Kochi (India), Seed
Provider of autonomous underwater vehicles and data analytics platform services
$3.44M
63/100
3rd
Logo for Bedrock
Bedrock
2019, Brooklyn (United States), Series A
Operator of autonomous underwater vehicles providing high-resolution seafloor data services
$62.9M
62/100
4th
Logo for Kraken Robotics
Kraken Robotics
2008, Paradise Cove (Canada), Public
Provider of unmanned maritime vehicles
-
57/100
5th
Logo for Seasats
Seasats
2020, San Diego (United States), Series A
Manufacturer of unmanned surface vehicles for sea inspection
$50.1M
57/100
6th
Logo for Rovco
Rovco
2015, Bristol (United Kingdom), Deadpooled
Provider of AI-driven ROVs and services for inspection of ships
$38.5M
56/100
7th
Logo for Vatn Systems
Vatn Systems
2023, Portsmouth (United States), Series A
Developer of autonomous underwater vehicles
$76.5M
54/100
8th
Logo for Abyss Solutions
Abyss Solutions
2014, Pyrmont (Australia), Series B
Provider of autonomous inspection solutions for critical infrastructure and assets
$19.2M
53/100
9th
Logo for Chasing
Chasing
2000, Shenzhen (China), Series C
Manufacturer of remotely operated underwater vehicles and related accessories
$17.5M
52/100
10th
Logo for Vaarst
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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Vaarst unveils deepest subsea 3D camera yetMaritime JournalDec 07, 2023Vaarst
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