News

Rovco secures £30.6m investment to propel offshore wind innovations

July 8, 2024

Rovco is pleased to announce the successful completion of a £30.6 million investment round, which brings a major offshore wind operator into the business alongside our current shareholders.

This substantial funding will fuel international expansion, building on recent contract wins in the US, Mainland Europe, and Asian markets. The investment will be used to bolster our in-house autonomy and AI software teams, accelerating the deployment of cutting-edge technologies that are set to revolutionise the offshore wind industry.

Brian Allen, CEO of Rovco, commented: “This is a thrilling chapter in Rovco’s journey. Over the next 3-6 months, we anticipate making several groundbreaking announcements that will redefine our industry. This latest fundraising round is expected to be our penultimate step before taking the company public in a few years. Our sustained growth underscores the dedication of our incredibly talented teams and the unwavering support of our customers, as we continue to drive innovation and set new standards in the offshore wind sector with autonomous and AI technologies.”