MARINE technology company AutoNaut has secured investment to advance its research and develop its business across UK and international markets.
The deal sees the Seiche Group take a majority stake in the company, which is based in Chichester.
AutoNaut Ltd is the new name for the company previously called MOST (Autonomous Vessels), founded in 2012.
Directors David Maclean and Mike Poole will continue to run the company. The investment from Seiche will provide additional resources for R&D and manufacturing as well as administrative support.
Roy Wyatt, MD of Seiche, said: ‘AutoNaut is set to be the go-to marine data collection hub of the future. It can independently operate offshore for months fitted with a suite of cutting-edge sensor technologies. It complements and completes Seiche’s portfolio of monitoring, mitigation and measurement products and services.’