This capital infusion is set to accelerate the certification process of its robot, the Aquanaut, marking a pivotal shift towards fully autonomous underwater operations.

The acquisition is in line with Nauticus’ efforts to strengthen its position in autonomous underwater operations, particularly in sensor integration, data collection, and analysis.

The amendment brings an added $2.7 million to further the development of a new Aquanaut-derivative ahead of potential customer adoption and expected government opportunities later in the year.

Nic Radford, CEO of Nauticus, expressed optimism about the company's trajectory, emphasizing the increased demand for their autonomous services.

The contract leads to potential market worth over $100 million per year. Expands Nauticus’ international presence to South America