Saildrone raises $14M


 

What does Saildrone do?

Saildrone is a company that provides ocean data collected by unmanned autonomous sailing drones. The company is collecting ocean data for deriving planetary insight using a fleet of sailing drones. The company designs and manufactures wind and solar powered autonomous surface vehicles called Saildrones. This Saildrones makes cost effective ocean data collection possible at large. The company is busy in building the world’s largest high resolution ocean datasets, working with private and government companies all over the world. The company believes that better inputs in planetary models in turning yield better outputs and that the new insights gained in forecasting weather, global fishing, carbon cycling and climate change will have a huge impact on humanity.

How much Saildrone was funded?

Saildrone has raised $14M in Series A on September 5, 2016 from Lux Capital, Social Capital and Capricorn Investment Group.

Previous funding

$2.5M on December 31, 2015 from The Schmidt Family Foundation

What is next for Saildrone?

The company’s latest investment follows the mission related investment from The Schnmidt Family Foundation. The fund will help the company for expanding its fleet of sailing drones, enhancing the company’s data processing capability and scaling commercial operations. The data collected by this company will not only change our understanding of the oceans, but will also create an insight into issues like fish population, weather, climate change and ocean acidification- processes which will affect every person on earth. Understanding these processes and their change rate is very important to our economies and our survival.

More about Saildrone

Saildrone was founded in 2012. It has its headquarters in Alameda, CA. In 2009, Jenkins broke the wind powered world speed record. He then applied the wing technology developed during 10-year project to create sailing drones, founding this company in 2012.