XOCEAN, a prominent provider of ocean data services, has recently made headlines with significant fundraising efforts aimed at expanding its operations and enhancing its technological capabilities.

€115 Million Investment

On January 9, 2025, XOCEAN announced that it successfully closed a funding round of €115 million (approximately $118 million). This investment is intended to accelerate the growth of its ocean data services platform, which primarily serves the offshore energy and civil hydrography sectors. The funding will support the company’s ongoing global expansion and the development of its innovative robotic offshore inspection technologies.

Participation by Morgan Stanley

Notably, Morgan Stanley Investment Management’s 1GT private climate equity strategy participated in this funding round, highlighting the increasing interest from major financial institutions in sustainable and eco-friendly technologies. This investment is expected to bolster XOCEAN’s capabilities in providing cost-effective and environmentally friendly ocean data solutions.

Previous Funding Rounds

In addition to the recent €115 million round, XOCEAN had previously raised €30 million in June 2024 to further enhance its data collection and analysis capabilities. This earlier funding was aimed at transforming ocean data services and expanding the company’s reach in the renewable energy sector.

These fundraising efforts reflect XOCEAN’s commitment to advancing ocean data technology and meeting the growing demand for sustainable solutions in marine environments.