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Riverwood backs $45m Series E for ocean robot maker Liquid Robotics

19 Mar 2013

Liquid Robotics robotTechnology-focused private equity firm Riverwood Capital has led a $45m Series E financing round for ocean-based robot maker Liquid Robotics.

Venture capital firm VantagePoint Capital Partners also re-invested in Liquid Robotics through the round, which the business said would expand its sales, partner and services organisations.

The company makes vehicles to collect data over long periods of time across the world’s oceans, and recently set a record for the longest distance travelled by an autonomous vehicle when its PacX Wave Glider completed a 16,600km scientific journey across the Pacific.

VantagePoint managing partner Alan Salzman said, “We are very pleased to continue our support of Liquid Robotics and its mission of revolutionizing the way ocean data is collected and distributed.

“The company has demonstrated its innovation over and over again in challenging real-world situations, and delivered significant value to a growing stable of global customers and important partners.”

Last week VantagePoint led a $15m Series D financing round for San Francisco-based analytics software specialist Evolv.

The round was supported by the company’s existing investors including GGV Capital, Lightspeed Venture Partners and Khosla Ventures.

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