Apeiron Labs Raises $9.5M to Expand Real-Time Ocean Intelligence Network

• Apeiron Labs secured $9.5 million in Series A funding to scale its ocean data platform powered by proprietary autonomous underwater vehicles.
• The company’s low-cost AUV network has attracted U.S. government contracts and aims to bring continuous ocean monitoring to defense and commercial sectors.

Apeiron Labs has raised $9.5 million in Series A funding to expand its network of autonomous underwater vehicles (AUVs) for real-time ocean intelligence. The round was co-led by S2G Investments, RA Capital’s Planetary Health Fund, and DYNE Ventures, with participation from Assembly Ventures, TFX Capital, and Bay Bridge Ventures. The company has existing contracts with U.S. government agencies and is positioning its platform as a faster, cheaper alternative to traditional ocean monitoring methods.

"The atmosphere has its satellite constellations. The ocean needs its own," said Ravi Pappu, Co-Founder and CEO of Apeiron Labs, in a press release. "We're applying CubeSat thinking to ocean observation through a data platform designed for continuous insight at a scale that matches the scope of the challenge. This financing enables us to accelerate development of our data platform and expand global deployments of our AUV networks."

Founded in 2022, Apeiron Labs makes low-cost underwater drones that collect ocean data in real time. The vehicles are designed to be deployed in large numbers and stream standardized sensor data back to users. The system is built for sectors that depend on ocean conditions, like defense, energy, shipping, insurance, and climate services, but have lacked affordable, continuous visibility below the surface.

The company says the funding will be used to scale its technology and grow its technical and commercial teams. It plans to expand global deployments of its underwater vehicle networks and deepen customer partnerships.

🌀 Tom’s Take:

Ocean data has been stuck in the dark ages, slow, sparse, and expensive. Apeiron’s low-cost drones flip the script, making the deep ocean as observable as the sky.

Source: Business Wire / Apeiron Labs