The Implications of AI in Digital Marketing
The Implications of AI in Digital Marketing
12 Steps to Create Videos

Honuworx Scales Up Subsea Maintenance Plans [Video]

Categories
Corporate Identity

The Scottish underwater robotics firm HonuWorx has received a seven-figure investment towards its plans to dramatically slash costs and emissions for offshore repair and inspection work through its fleet of autonomous, all-electric submarines.

TRICAPITAL Angels and Scottish Enterprise delivered the investment round, along with UK Innovation and Science Seed Fund (UKI2S), which has invested in HonuWorx for a second time.

The funding boost comes ahead of an anticipated major capital raise later this year as the firm drives plans for expansion.

The company aims to capture a 20% global market share within the next decade using a fleet of their “Loggerhead” submarine systems.

Loggerhead deploys ROVs from a mothership submarine once it arrives at a work site, such as a wind farm or oil field, with the vehicles controlled by operators onshore using advanced communications technology and AI.

How to Supercharge your Digital Marketing with Desire Paths
How to Supercharge your Digital Marketing with Desire Paths
5 Steps to Creating Successful Ads