Nauticus Robotics and Wood have entered into a strategic partnership. Image via nauticusrobotics.com

Webster-based Nauticus Robotics, a developer of offshore subsea and surface robots and software, has entered a strategic partnership with Scottish energy consulting and engineering firm Wood, which employs about 11,000 people in Houston.

Nauticus and Wood are teaming up to grab a share of the $2.5 trillion-a-year marketplace in the ocean economy.

“This is a great example of the offshore digitization effort and novel use of emerging offshore robotics. Combining these two innovations make perfect sense,” says Todd Newell, senior vice president of business development at Nauticus.

In the long term, Nauticus hopes to replace large human-operated ships that deploy submersible vehicles with its own fleet of green subsea and surface ocean-going robots. Its robots are Hydronaut, a small surface vessel that can be operated by people, and Aquanaut, a tetherless underwater robot. The technology is aimed at sectors such as offshore renewables, oil and gas, government, and aquaculture.

In December, Nauticus and Greenwich, Connecticut-based CleanTech Acquisition Corp., a special purpose acquisition corporation (SPAC), signed a deal that would result in Nauticus becoming a public company. The SPAC merger, expected to close before June 30, would value Nauticus at $561 million.

Nauticus generated revenue of about $8.2 million in 2021. Revenue is projected to exceed $90 million in 2023. The company was founded in 2014 as Houston Mechatronics; it rebranded last year.

Wood generated more than $6.4 billion in revenue last year. It employs about 40,000 people around the world.

Among other things, the robotic capabilities will enable constant monitoring of oil and gas assets, and earlier detection of methane emissions. Photo courtesy of Wood

Robots roll into Houston operations of global energy industry giant

new fleet

Houston employees of Wood, a Scottish giant in engineering and management services, are helping drive the robot revolution in the oil and gas industry.

Wood recently received nearly $3 million in funding from Canada’s province of Newfoundland and Labrador to support development of robots that will carry out autonomous inspection and maintenance of onshore and offshore oil and gas infrastructure in that region.

“As we prepare for the transition to renewable energy, we do it knowing that oil and gas will be needed for the foreseeable future. Our government will continue to work to support the women and men who work in the oil and gas industry as we collaborate with industry to support new innovative ideas to further reduce greenhouse gas emissions,” Andrew Furey, premier of Newfoundland and Labrador, says in a news release.

Among other things, the robotic capabilities will enable constant monitoring of oil and gas assets, and earlier detection of methane emissions. Wood says that if the Canadian project succeeds, it could lead to the rollout of more robots.

Some of Wood’s robots will be roaming the show floor at this year’s Offshore Technology Conference (OTC), set for May 2-5 at NRG Park. An OTC session on May 3 will shine a light on the emerging sector of offshore robotic technologies. Rami Jabari of Houston-based ExxonMobil and Ross Doak of Shell, which has a major presence in Houston, are co-chairs of the session. Both ExxonMobil and Shell have embraced robotics in recent years.

The Houston office of Wood — which employs nearly 11,000 full-time workers locally and whose 2020 global revenue totaled $7.5 billion — has been toiling away on the robotic technology for several years. The technology already has undergone a successful pilot in Wyoming, where robots and drones have captured data to create 3D models of oil and gas assets.

“In a nutshell, this technology is making routine inspections and maintenance of assets safer and more efficient, leading to reduced carbon emissions and lower-cost sustainable operations,” according to Wood.

A key focus of the robotic technology is helping more than 100 countries that have pledged to slash methane emissions by 30 percent before 2030 compared with 2020 levels. According to the United Nations, decreasing methane emissions is one of the most cost-effective ways to achieve global goals tied to climate change.

Wood, whose U.S. locations are in Houston and Alpharetta, Georgia, isn’t the only company with strong local ties that’s innovating in robotics for the oil and gas sector.

For instance, Webster-based Nauticus Robotics specializes in offshore robotics for the oil and gas sector and other industries. Nauticus, previously branded as Houston Mechatronics, is preparing to merge with CleanTech Acquisition, a publicly traded SPAC, or special acquisition company.

The pending merger values Nauticus at $560 million. The company envisions generating revenue of more than $90 million in 2023, up from an estimated $8.2 million this year.

The first product from Nauticus, founded by former NASA engineers, is called Aquanaut.

“Aquanaut is an unmanned underwater vehicle that can transform itself from a nimble submarine designed for long-distance cruising into a half-humanoid robot capable of carrying out complex manipulation tasks. It can inspect subsea oil and gas infrastructure, operate valves, and use tools,” according to the Institute of Electrical and Electronics Engineers (IEEE).

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Houston healthtech startup raises $30M to scale surgical healing gel

fresh funding

Houston-based healthtech startup TYBR Health has raised a $30 million Series A round to scale its B3 GEL System, which helps protect tendons from scarring after surgery.

The round was led by Minneapolis-based Vensana Capital and Cleveland-based Mutual Capital Partners, with participation from Denver-based Neovate Capital Partners and existing investors, according to a news release from the company.

TYBR Health said it plans to use the funding to broaden the B3 GEL System's clinical applications, expand commercialization and conduct studies to evaluate its ability to protect tissue and improve healing outcomes.

"Surgeons are exceptionally good at the structural repair, but the biology that follows is what determines how it heals. That part of the equation has gone largely unaddressed ... There's a shift underway across surgical specialties, from focusing almost entirely on the mechanical repair to also weighing the biological conditions that repair needs to succeed," Tim Keane, co-founder and CEO of TYBR Health, said in the news release. "This financing lets us reach more surgeons and generate the clinical evidence to move that shift forward."

As part of the financing round, Greg Banker of Vensana Capital and Liz Todia Zambory of Mutual Capital Partners will join the TYBR board, alongside independent director Aaron Smith.

"TYBR Health is addressing a gap surgeons have lived with for a long time, with a product that fits the way they already work," Zambory, principal at Mutual Capital Partners, added in the release. "We're excited to co-lead this round and support the company's growth."

TYBR was founded in 2020 and originated from the TMCi’s Biodesign fellowship and participated in the TMC's Accelerator for HealthTech. Its B3 GEL System is a flowable extracellular matrix hydrogel designed to protect tendons, ligaments, muscles, and the surrounding soft tissue while they heal from orthopedic surgery. It received FDA 510(k) clearance last June and launched an Australian clinical trial in the fall.

The B3 GEL System has been used in hand, wrist, shoulder, foot and ankle, and sports medicine procedures since it launched, according to the company, and was first used in the clinical setting earlier this year by Dr. Tammam Hanna with Texas Tech University Health Sciences Center.

Houston space companies win NASA funding to build Mars exploration robots

mission to mars

Two Houston-area spacetech companies have landed a portion of a $17 million award from NASA to develop robots for exploring the surface of Mars, the agency announced this month.

Houston-based Inuitive Machines and Webster, Texas-based MEI Technologies, which does business as Aegis Aerospace, were among the seven companies selected to receive the funding from NASA's Science Transport and Robotic Innovation for Deployment and Exploration (STRIDE) initiative.

According to the release from NASA, the companies are tasked with creating "innovative mobility systems" that would allow future Mars missions to access more challenging terrain and difficult-to-reach regions of the planet, and to travel farther distances. NASA estimated that the work will begin this fall.

NASA solicited proposals for participants in the STRIDE initiative in January. The seven named companies are the first selected to participate in the program.

The additional five companies to receive STRIDE funding include:

"STRIDE demonstrates NASA’s commitment to strong public-private partnerships, allowing the agency to explore new approaches for Mars surface exploration while identifying key capability gaps and development needs for commercial systems that could operate and traverse realistic Martian environments," NASA shared in the announcement.

Last month, Intuitive Machines was awarded $148.3 million to deliver its Nova-C lander to the moon. The funding was part of $600 million the space agency awarded to three companies as part of its Moon Base Program and was Intuitive Machines' sixth task order under NASA's Commercial Lunar Payload Services (CLPS) program. Astrobotic was also one of the companies to land funding for the Moon Base program, as well as Austin-based Firefly Aerospace.

Around the same time, Firefly Aerospace was awarded a $13 million subcontract from NASA’s Jet Propulsion Laboratory to develop technology for NASA’s SkyFall mission to Mars. The mission aims to deploy three Mars helicopters to "perform science and demonstrate airborne subsurface mapping and resource prospecting on the planet." Read more here.