Marine robotics and underwater inspection startup EyeROV raises Rs 13 crore in funding

Marine robotics and underwater inspection startup EyeROV (IROV Technologies) has raised Rs 13 crore in a pre-Series A funding round co-invested by AWE Funds and Unicorn India Ventures.

The startup plans to use the raised capital to accelerate research and development (R&D), support new product innovation, and expand operations across India and select international markets.

Founded in 2017, EyeROV operates at the intersection of marine robotics, infrastructure inspection and defence technology. It develops advanced Remotely Operated Vehicles (ROVs) and Unmanned Surface Vessels (USVs) for complex underwater inspections across power, oil and gas, ports, shipping, infrastructure, marine research and defence sectors.

The startup has executed more than 150 projects for over 80 clients, including Tata Power, NHPC, Adani, ONGC, BPCL and Maersk, as well as government and defence organisations such as the Indian Navy, DRDO and the Indian Coast Guard. It also works with research institutions such as NCPOR and CSIR-SERC.

EyeROV’s systems integrate non-destructive testing payloads, including ultrasonic testing, sonar imaging and AI-based defect detection, enabling real-time reporting and digital twin creation. The company offers both product sales and Robotics-as-a-Service models to B2B and B2G customers.

EyeROV is targeting the global underwater infrastructure inspection opportunity, driven by aging assets valued at over USD 1 trillion. The company estimates a total addressable market of more than USD 13 billion globally, with India accounting for around USD 800 million.