logo
logo

Dive Technologies Closes on New Equity Financing Round to Deliver on 2021 Commercial and Defense Opportunities

Dec 21, 2020•over 4 years ago
Boston

Description

Dive Technologies, Inc., a Boston-based subsea robotics designer and manufacturer, today announced a new round of equity funding of $4mm, bringing total funds raised to date to $9.5mm. Dive’s financing was led by Tanis Venture Management which was joined by other investors including Virginia Tech Carilion Innovation Fund, Mill Town Capital, Virginia Tech Carilion Seed Fund, Cavalier Angels, and Charlottesville Angel Network. Dive’s venture debt financing is through MassDevelopment’s Emerging Technology Fund.

Company Information

Company

Dive Technologies

Location

Boston, Massachusetts, United States

About

Dive Technologies has one goal: to produce the most reliable Autonomous Underwater Vehicles in the world's oceans at a disruptive price point. Best in class reliability will enable safe and successful access into the depths of the unknown.