What is Vaarst?
Vaarst operates at the intersection of robotics and maritime engineering, providing sophisticated autonomy and cloud-managed solutions for the offshore wind, tidal, and maritime security sectors. By leveraging cutting-edge AI-based technology and underwater 3D SLAM-based vision, the company enables level 4 autonomy for subsea operations. This approach addresses the critical industry challenge of high operational costs, which can reach millions per month for service vessels. By reducing the reliance on human presence at sea and providing real-time, high-fidelity data insights, Vaarst is fundamentally transforming how global energy and civil industries manage their subsea assets.
How much funding has Vaarst raised?
Vaarst has raised a total of $20M across 1 funding round:
Series B
$20M
Series B (2022): $20M with participation from Equinor, Legal & General Capital, and Foresight Group
Key Investors in Vaarst
Equinor
Equinor ASA is a Norwegian international energy company engaged in the exploration, production, processing, transportation, and supply of energy resources and solutions.
Legal & General Capital
Legal & General Capital is the alternative asset management division of Legal & General, focusing on direct investments in infrastructure, housing, and clean energy.
Foresight Group
Foresight Group is a leading infrastructure and private equity investment manager with a strong focus on sustainable energy and environmental projects.
What's next for Vaarst?
The infusion of capital will likely be directed toward scaling the deployment of Vaarst's autonomous platforms and expanding its cloud-based data delivery infrastructure. As the global energy transition necessitates more efficient maintenance of offshore wind farms and marine infrastructure, Vaarst's ability to lower operational expenditures while increasing data granularity provides a significant competitive advantage. Future strategic initiatives will likely focus on deepening market penetration within the renewable energy sector and refining its proprietary vision systems to support increasingly complex subsea environments, ensuring the company remains at the forefront of the maritime digital transformation.
See full Vaarst company page
