XOCEAN, a Dublin, Eire-based supplier of ocean information to the offshore power and civil hydrography sectors, raised €115M in funding.
Backers included S2G Ventures, Local weather Funding, Morgan Stanley’s 1GT fund, and CCI.
The corporate intends to make use of the funds to speed up the expansion of its platform servicing the offshore power and civil hydrography sectors.
Led by CEO and Founder James Ives, XOCEAN offers ocean information to firms and authorities businesses. From mapping the seabed to environmental monitoring, it presents a protected, ultra-low impression and financial resolution to delivering ocean information.
XOCEAN works with offshore-focused power firms, together with SSE Renewables, Ørsted, bp, and Shell, and has delivered information options to business and authorities purchasers in over 23 jurisdictions. To this point, the corporate has collected and processed over 4.9 million gigabytes of information, and has supported over 48.6 GWs of offshore wind growth. It is usually supporting the asset integrity monitoring of current power infrastructure, CCUS undertaking growth, subsea electrical and information interconnections, and authorities businesses with their ocean information wants.
FinSMEs
09/01/2025
