Vaarst, a technology spin-off from leading subsea robotic and hydrographic survey company Rovco, was formally launched today with the goal of revolutionising the offshore robotics sector - leveraging intelligent data flows for smart asset management and creating an energy-efficient and more sustainable future.
The business aims to accelerate advancement in ocean robotics, giving marine and subsea providers access to next-generation technology that will enable them to deliver AI-driven autonomous robotic work at scale.
Vaarst will target the energy and marine sectors through its innovative technologies, such as SubSLAM X2 - an intelligent data collection system that delivers robotic spatial awareness and live 3D point clouds to any device in the world, without costly positioning systems, thereby saving many project days. This, combined with the company’s machine learning and autonomy expertise will then provide the very best in efficient data collection and AI interpretation.
The new spinout company, Vaarst, is predicting immediate 2021 revenues over £1m rising to £20m+ rapidly in the next few years.
Vaarst CEO and Founder, Brian Allen, said: “Autonomous robotics are the key to reducing the cost of offshore operations. At the same time, digitalisation of field assets is essential as the industry evolves, marrying these two concepts is needed to realise the real benefit of modern tech. It’s the data that has to drive the vehicles. Vaarst is committed to unlocking the potential of offshore robotics for all.
He continues: “We’re tremendously excited about the future, and really delivering our customers’ digital and robotic ambitions.”