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What is Duro's business model? Who wants to buy underwater drones, or pay them to survey areas? My understanding is Liquid Robotics was acquired by Boeing (an

What is Duro's business model? Who wants to buy underwater drones, or pay them to survey areas? My understanding is Liquid Robotics was acquired by Boeing (and their business model transformed from academic research to military defense) because they couldn't make the business model work. Of course Duro is trying to make it cheaper, but I'm still curious who their target customers are. This is not a criticism - I am actually really curious about this space.

dfcagency 7y ago
Seafloor mining, pipeline inspections, wildlife conservation, fiber optic links, ship inspections, port monitoring, de-mining...
jpm_sd 7y ago
The unmanned underwater vehicle (UUV) industry is already fairly mature. These guys in NY are competing against large, established companies that already acquired reasonably successful startups: Teledyne (Gavia) General Dynamics (Bluefin) Kongsberg (Hydroid) L3 (Ocean Server) BAE (Riptide)
flurdy 7y ago
Subsea is a massive market. Companies are making a lot of money in subsea with the oil and gas sector. https://en.wikipedia.org/wiki/Subsea_(technology) https://en.wikipedia.org/wiki/Subsea_(technology)