Square Robot, Inc., a leader in robotic tank inspections, has successfully closed its Series B funding round in November 2024. This milestone will enable the company to expand its global footprint and enhance its technological offerings to meet the rising demand for its innovative, safety-focused services.
Square Robot’s advanced robotic technology allows for in-service inspections of storage tanks, providing high-fidelity data without requiring personnel to enter hazardous environments. This capability not only ensures uninterrupted operations but also contributes to reducing carbon emissions, underscoring the company’s commitment to safety and sustainability.
The Series B funding will support the following key initiatives:
- Global Expansion: Square Robot plans to establish a permanent presence in Europe and the Middle East by Q1 2025, deploying dedicated teams and assets to these regions.
- Broader Service Delivery: The company, which operated in 13 countries across five continents in 2024, aims to expand into four additional countries and one new continent by Q1 2025.
- Technological Advancements: Square Robot will continue to innovate, focusing on enhancing in-service capabilities, boosting operational efficiency, and advancing its data services.
In line with these objectives, the company will introduce a new robot in Q1 2025 capable of withstanding extreme temperatures of up to 60°C. Furthermore, it plans to launch AI-enabled tools to enhance reporting efficiency and improve data quality.
David Lamont, CEO of Square Robot, expressed his gratitude for investor support:
“We greatly appreciate the support and confidence shown by our outstanding investors. This Series B round, our largest to date, enables us to accelerate our growth plans and meet the surging global demand for our services.”
With the latest funding, Square Robot is poised to strengthen its position as a global leader in robotic tank inspections while advancing safety, efficiency, and environmental responsibility in the industry.
For more information visit www.squarerobot.com
