Privately-held and founded in 2013 as a university-based startup at the University of Texas, AdBm has developed a new method to attenuate underwater noise. Commercial jobsite testing of AdBm's solution has proved a more effective and more economic noise abatement solution, which is required for many offshore projects in the marine construction and energy industries. AdBm enables businesses to meet underwater noise regulations, which is critical in the fast-growing offshore wind industry, where current limitations result in up to 50% productivity loss for offshore projects, or complete shut downs, estimated to cost up to $1 million per day depending on the project and industry. AdBm Technologies has raised almost $2 million and currently is managing a pipeline of 30+ projects interested in leasing its systems.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/06/14 | $1,300,000 | Series A |
Central Texas Angel Network Green Park & Golf Ventures Houston Angel Network North Texas Angel Network | undisclosed |
