BlueX News | 9-23-24 | ClimateWeek NYC Is Here!

OceanTech Friends,

OK, my dance card is now full for #ClimateWeekNYC! There is one special event that I missed last week, and it’s worth highlighting:

• Ocean & Coastal Resilience: How Entrepreneurs & Governments Collaborate on Ocean Solutions

Check it out if you can. I’ll be there. Have a good Climate Week friends, I’ll see you around! Enjoy this week’s BlueX.

-Will

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🛳 HavocAI, an autonomous uncrewed surface vessel company raised a $11M seed round co-led by Scout Ventures and Trousdale Ventures with Outlander VC, The Veteran Fund, BV.VC, Decisive Point, Alumni Ventures, and New North Ventures. | More from Pulse 2.0

💦 Direct ocean carbon capture company Brineworks raised $2.2M led by Pale Blue Dot. | More from Carbon Harold

More OceanTech News

Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:

🦞 BlueTrace Evolves to Simplify Seafood Operations | BlueTrace continues to add more clients and launch innovative solutions for the seafood industry. With over 7.5 million tags/labels printed and over 470 clients, BlueTrace has grown from being a niche solution for shellfish companies to the leading seafood technology company in North America. | More from BlueTrace

🤘 Tidal Metals Sees Seawater as the Solution to a Critical Mineral Shortage | The startup, previously known as GreenBlu, was working on desalination when it realized there was more value in the minerals that were left behind. Last year, the U.S. designated magnesium as a critical mineral, one of the “electric 18” that are critical for the energy transition. | More from TechCrunch

🌎 Photon Marine and the Port of Friday Harbor Secure $7 Million Grant for Electrification and Environmental Initiatives | The Port of Friday Harbor has been awarded $7 million as part of the Washington State Department of Transportation's Port Electrification Grant Program. | More from PR Newswire

More Ocean Sustainability News

Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:

💧 Biotech Innovator MiAlgae to Expand Production With New Facility | MiAlgae – a producer of algae-based Omega-3s – has announced plans to scale up its production with the development of a new facility following a recent successful funding round. | More from The Fish Site

🛥 San Francisco Gets $11 Million Grant for High-Speed Electric Ferries | The San Francisco Bay Ferry has secured an $11 million grant from the Federal Transit Administration (FTA) to help purchase the first high-speed electric ferries ever built in the United States. | More from Maritime Executive

🚤 Kitsap Transit Awarded $13.5 Million Passenger Ferry Grant | Kitsap Transit, a public transit operator serving Kitsap County, Wash., announced it will receive $13.5 million in federal funding toward the purchase of a new fast ferry that would replace one of its oldest vessels on its Kingston/Seattle route. | More from MarineLink

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