Blue Water has secured $14 million in seed funding to develop autonomous ships aimed at enhancing U.S. naval capabilities in response to global maritime security challenges.
Target Information
The target of this investment is Blue Water, a pioneering company focused on the development of autonomous ships designed to address contemporary challenges in naval and commercial maritime operations. Founded in 2024, the company has secured $14 million in seed funding to support its innovative mission. Under the leadership of CEO and Co-Founder Rylan Hamilton, a former U.S. Navy engineering officer and the founder of 6 River Systems, Blue Water is uniquely positioned to transform the maritime industry through autonomy technology.
Blue Water's mission centers around the creation of cost-effective and quickly produced autonomous vessels, which serve as a modern solution to the declining state of U.S. shipbuilding capabilities. With the U.S. military facing significant challenges in maintaining its naval presence in a rapidly changing geopolitical landscape, the need for advanced naval technology has become increasingly critical. Blue Water aims to fill this void by designing state-of-the-art autonomous ships that can enhance operational efficiency while minimizing risk to personnel.
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Industry Overview
The shipbuilding industry in the United States has witnessed a dramatic decline since the end of World War II, when it boasted a robust number of shipyards. By 2016, the number of U.S. shipyards capable of producing large seafaring military and commercial vessels had dropped to just six, with
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invested in
Blue Water
in 2024
in a Seed Stage deal
Disclosed details
Transaction Size: $14M