Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy® Deployment in Monterey Bay
Round Type
Funding Round
Monroe TownshipTransportationRenewable EnergyInvestors
Description
Ocean Power Technologies, Inc. announced that it has received funding from the Naval Postgraduate School (NPS) in Monterey, California, for the year-long deployment of a PowerBuoy® in Monterey Bay. The PowerBuoy®, integrating OPT's Maritime Domain Awareness System (MDAS) along with cutting-edge Satellite communication and AT&T 5G technology, will demonstrate its persistent surveillance and communications capacities in a maritime environment.
Quick answer
Ocean Power Technologies raised an undisclosed amount in a Funding Round round, dated February 15, 2024. Investors: Naval Postgraduate School (Nps). Ocean Power Technologies is based in Monroe Township, New Jersey, United States.
- How much did Ocean Power Technologies raise?
- Ocean Power Technologies raised an undisclosed amount in a Funding Round round on February 15, 2024.
- Who invested in Ocean Power Technologies?
- Naval Postgraduate School (Nps) is named as investors in this round.
- What does Ocean Power Technologies do?
- OPT, a leader in innovative and cost-effective, low carbon marine data, power, and consulting services, provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean..
- Where is Ocean Power Technologies based and how big is it?
- Ocean Power Technologies is based in Monroe Township, New Jersey, United States. Fundz records about 76 employees.
- Who are the decision-makers at Ocean Power Technologies?
- Fundz holds 1 contact at Ocean Power Technologies, including the Senior Director Business Development. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Renewable Energy around the same time
Companies in the same sectors as Ocean Power Technologies that raised within 45 days of this round, from Fundz verified event records.
- Fastned raised $30M (Funding Round) on February 21, 2024.
- Nexamp raised $370M on March 31, 2024.
- ION Clean Energy raised $70M on March 29, 2024.
- Anaergia raised $41M (Corporate Round) on March 29, 2024.
- Lightshift Energy raised $100M (Funding Round) on March 28, 2024.
- Zūm raised $4M (Seed) on March 28, 2024.
Who to call at Ocean Power Technologies, and when
A new round usually means Ocean Power Technologies is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Ocean Power Technologies raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ocean Power Technologies, from your own LinkedIn network
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Related People
Ocean Power Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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