Bedrock Ocean Raises $25 Million In Series A-2 Round Led By Primary And Northzone
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Building Size
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Asset Type
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Closing
Jun 11, 2025
About this deal
AI
Bedrock Ocean has raised $25 million in a Series A-2 round led by Primary and Northzone to enhance its capabilities in seafloor mapping using autonomous underwater vehicles (AUVs). The funding aims to support the company's innovative approach, which allows AUVs to operate independently for up to 12 hours, capturing high-resolution sonar and magnetic data without relying on traditional, resource-intensive mapping ships.
Summary of transaction details:
- Deal Type: Series A-2
- Transaction Amount: $25,000,000
- Company: Bedrock Ocean
- CEO: Anthony DiMare
- Notable Investors: Primary, Northzone, Autopilot, Costanoa Ventures, Harmony Partners, Katapult & Mana Ventures
Bedrock Ocean focuses on providing mapping solutions that cater to industries such as offshore wind, oil and gas, and environmental assessments. The company's technology has garnered the attention of the U.S. Navy due to its operational speed and efficiency, reflecting its potential impact across various sectors. Bedrock is positioned to lead innovations in underwater mapping due to its advanced AUV capabilities.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93