Startups
Bedrock- A startup is betting on self-driving underwater vehicles to map the seafloor up to ten times faster than current methods
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ByStartupStory | October 25, 2022
The United States is racing to increase its production of offshore wind turbines. However, what lies beneath the ocean may stymie those efforts. The Biden administration set a lofty goal of producing 30 gigatonnes of offshore wind energy by 2030 in spring 2021. This, combined with the passage of the Inflation Reduction Act, which provides a 30% tax credit for offshore wind developers who break ground before the beginning of 2026, has resulted in the development of more than 20 new projects along the United States’ Atlantic and Pacific coasts, as well as the Gulf of Mexico.
DiMare’s team could use Bedrock to fly one of their electric autonomous underwater vehicles to a survey location in less than 24 hours. The vehicles developed by the startup operate entirely beneath the ocean’s surface and can submerge up to 300 metres, eliminating the risk of weather delays. Its vehicles also have smaller, higher-frequency sonars than the vessels currently in use, which means its AUVs can operate without a permit because they pose no threat to marine life, according to DiMare.
According to the Nippon Foundation-GEBCO Seabed 2030 Project, an international collaboration aimed at producing a complete map of the world’s seafloor by 2030, only 23.4% of the ocean’s floor has been mapped. The project, which received formal US participation in June, brings together more than 40 international organisations and networks from 50 countries to collect critical seabed data. Mosaic, Bedrock’s cloud platform, is one of them. Users from all over the world can use it to access free and publicly available seafloor data.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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