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  • Investments
  • 12 July 2023
  • 1 min read
  • Words: Northzone

Our investment in Bedrock: Empowering Sustainable Transformation With Windfarms

We’re excited to announce our latest investment in Bedrock, the leading seafloor data acquisition and distribution platform. We have co-led their $25.5m Series A round with  Primary Ventures and the participation from Valor Equity Partners, and existing investors Eniac and Quiet Capital. As part of the round, our partner Pär-Jörgen Pärson is joining the board.

Offshore wind energy is a rapidly growing sector. However, today’s lack of detailed, up-to-date seafloor data has been a significant hurdle, slowing project planning, increasing construction risks, and decelerating the pace of renewable energy development. Bedrock aims to revolutionise this process by transforming how we acquire and distribute geophysical seafloor data.

Bedrock’s autonomous underwater vehicle (AUV) technology and data cloud platform reduces the time, environmental impact, and costs associated with seafloor exploration, thereby accelerating the development of offshore wind energy projects. Bedrock aims to become the primary source of seafloor data for offshore wind energy projects.

Our partner Pär-Jörgen Pärson noted, “Bedrock’s approach to seafloor mapping and data sharing represents a transformative leap forward in ocean technology. Their comprehensive mapping techniques consider the delicate underwater ecosystems that often remain uncharted, without disrupting these essential habitats, marking a truly sustainable pathway to the future.”

Founded in 2020 by Anthony DiMare and Charles Chiau, Bedrock has emerged as a public benefit corporation committed to enhancing our understanding of our world’s oceans. We’re thrilled to join Bedrock on its journey to remove bottlenecks and play a vital role in accelerating offshore wind energy development.