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High Tech Series B Founded 2014

Abyss Solutions

Abyss Solutions develops autonomous inspection technologies that deliver next-generation inspection intelligence across land, sea, air, and space, translating vast volumes of asset data into actionable insights that drive smarter decisions for critical infrastructure and asset management. The company offers proprietary products including Abyss Fabric, a platform for capturing and analyzing asset data that enabled…

📍 Pyrmont, Australia · Security & Surveillance Technology,

Funding snapshot

Last roundSeries B
Amount$15M
Date21 November 2022
Total raised$19M
Team size200

About

Abyss Solutions develops autonomous inspection technologies that deliver next-generation inspection intelligence across land, sea, air, and space, translating vast volumes of asset data into actionable insights that drive smarter decisions for critical infrastructure and asset management. The company offers proprietary products including Abyss Fabric, a platform for capturing and analyzing asset data that enabled customers to capture meaningful data across 95% of an asset in months rather than years, and Abyss Lantern Eye, a system for creating 3D reconstructions of assets in record time following subsea inspections. Abyss deploys high-precision underwater robots that produce digital replicas by virtually scanning assets in challenging conditions without taking them offline, and uses AI-based systems for atmospheric corrosion detection and coating degradation management across offshore platforms. The company serves the energy sector by curtailing carbon footprint through reducing helicopter flights and persons on board via patented at-scale integrity assessment technologies, the marine sector with continuous project monitoring through comparable baseline data, and the infrastructure sector by removing divers from dangerous situations with little to no disruption in service. Abyss has delivered inspections across diverse environments from the Sydney Opera House to oil rigs in the North Sea and even space, identifying defects down to 2cm with high location accuracy. Founded in 2014 and headquartered in Pyrmont, Australia with offices in Houston, Islamabad, Aberdeen, and the UAE, Abyss Solutions has raised approximately $19.3 million at the Series B stage from investors including AirTree, FollowTheSeed, Australian Retirement Trust, INCUBATE, Jelix, Evolution Venture Capital, InnoHub Capital, Waterstart, The Automation Fund, C First Investments, arabCapital, Simple Fund Holdings, muru-D, Sihamba, Super Rad, and Liquidproperty.

Business model

Big Data Analytics > Industry Solutions > Heavy Industries > Energy,

Security & Surveillance Technology > Surveillance > Video Surveillance > Analytics,

Professional Service Robots > Robots as a Service > Multi Industry > Inspection,

Logistics Tech > Freight > Maritime > Technology Enablers > Port Management > Scheduling and Reporting,

Oil & Gas Tech > Upstream > Oilfield Management > Offshore Inspection > Robots,

Maritime Tech > Shipping and Port Management > Shipping Management > Inspection > Unmanned Systems > Underwater ROVs

Institutional investors

AirTree FollowTheSeed Australian Retirement Trust INCUBATE Jelix Evolution Venture Capital InnoHub Capital Waterstart The Automation Fund C First Investments arabCapital Simple Fund Holdings muru-D Sihamba Super Rad

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