Xocean Lands 118 Million Boost For Global Ocean Data Dominance

XOCEAN Embarks on Global Ocean Data Revolution with $118 Million Investment

XOCEAN has secured €115 million ($118 million) in funding to propel its cutting-edge robotic offshore inspections globally. The Irish-based company plans to utilize this investment to accelerate growth in the offshore energy and civil hydrography sectors, while expanding its geographic reach and product offerings to meet the escalating demand for high-quality ocean data.

Founded in 2017, XOCEAN has established itself as a leading provider of uncrewed surface vessels (USVs) for offshore geophysical data delivery. Its fleet of USVs enables the company to map the seabed, monitor environmental conditions, and deliver crucial data to some of the world’s largest energy companies and government agencies.

The offshore wind sector is a key driver of this growth, with global installed capacity projected to surpass 250GW by 2035, a more than 500% expansion from today. As the industry expands, so too are the demands for specialized inspection and monitoring services. XOCEAN’s innovative approach combines mission endurance, advanced sensors, real-time communications, and post-processing expertise to provide clients with a flexible, cost-effective system for their offshore geophysical data needs.

XOCEAN’s technology offers environmental sustainability benefits, emitting just 0.1% of the CO2 of incumbent manned surveying vessels, and aiming to avoid millions of tons of carbon emissions over the next decade. The company has achieved a remarkable team gender diversity ratio, exceeding 30 times that of the industry average.

The investment is the result of a partnership between XOCEAN and S2G Ventures, with funding provided by S2G, Climate Investment, Morgan Stanley’s 1GT fund, and an affiliate of the Crown Family’s CC Industries. According to James Ives, XOCEAN’s founder and CEO, “Our mission is to deliver data that drives the sustainable development of our oceans in a safe, cost-effective, and ultra-low-impact way.”

XOCEAN has already demonstrated its capabilities by delivering data to commercial and government clients in over 23 jurisdictions. The company has also collected and processed over 4.9 million gigabytes of data and supported over 48.6 GWs of offshore wind development.

With offices in Ireland, the U.K., the U.S., Canada, Norway, and Australia, XOCEAN is poised to capitalize on the growing demand for ocean data services, providing a reliable and sustainable solution for the world’s leading energy companies and government agencies.