Powered by Open Source Hardware (BeagleBone Black and Arduino DUE), OpenROV has raised $1.3 million:
OpenROV Raises Funding to Open Up the World of Underwater Exploration
OpenROV, the company, it has raised $1.3 million led by True Ventures, in order for the team of three to further refine and distribute its design and start a video community on its own site.
While $1.3 million is not a ton of funding for a technology startup, it was a leap for OpenROV — which had taken starring roles at places like the Maker Faire and had a highly successful Kickstarter campaign – to turn into a venture-backed company.
“We started off dreaming,” said Lang’s co-founder Eric Stackpole. “This started off like a lifestyle company. But it quickly became apparent to us that the personal satisfaction was good, but we really want to affect the world. We can’t just be making a few little plastic robots and sending them out to tinkerers; we want exploration tools to be ubiquitous.”
Cheers,
Drew
