IMC Ventures invests in autonomous underwater vehicle start-up

IMC Ventures, a Singapore-based venture capital entity of IMC Group that is focused on investments in the maritime and supply chain industries, has participated in the seed investment round of BeeX, a hovering autonomous underwater vehicle start-up. Other notable investors in the seed round include the National University of Singapore.

“Armed with a vision to provide a sustainable and environmentally friendly way of executing large-scale underwater inspections, BeeX’s self-thinking robots will become a fundamental building block in ensuring the safety of coastal cities and accelerating the shift towards renewables such as floating solar and offshore wind to significantly reducing operations and maintenance costs,” an IMC release stated.

With the new funds, BeeX will expand its software team to accelerate development of autonomous capabilities and mission plans across more diverse and critical environments such as ports, vessels, and in anchorages. Its hardware team will also commission a larger and more powerful vessel suitable for harsher conditions in offshore wind.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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