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Hullbot

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Autonomous underwater robots for vessel hull cleaning

Sydney, AustraliaFounded 2015Transportation
Valuation $25–50M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Hullbot

Hullbot is an Australian company that designs, develops, and deploys autonomous underwater robots for cleaning and inspecting vessel hulls. Founded in Sydney in 2014 by Tom Loefler and Karl Watfern, the company addresses the significant environmental and economic issues caused by biofouling—the accumulation of marine organisms on submerged structures. Biofouling increases drag, leading to higher fuel consumption and greenhouse gas emissions, and contributes to the spread of invasive species and microplastic pollution from toxic anti-fouling paints.

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The co-founders' backgrounds are complementary to the company's mission. Tom Loefler, the CEO, is an industrial designer and inventor with a passion for using robotics to improve ocean health. His experience spans multiple industries, including transportation, medical devices, and scientific equipment. The initial idea for Hullbot sparked during his honors year at UNSW Industrial Design. Karl Watfern serves as the CTO. Together, they lead a full-stack robotics company that has developed its technology through at least six iterations.

Hullbot's primary service is a proactive, high-frequency cleaning solution offered on a subscription basis. Rather than allowing heavy biofouling to accumulate, which requires intensive cleaning, Hullbot's robots gently clean slime and early-stage growth frequently, sometimes multiple times a week. This approach maintains the vessel's hull in optimal condition, reducing fuel consumption by as much as 12-20% and minimizing the need for toxic, ablative anti-fouling coatings. The robots, which weigh around 10kg, are equipped with 4K cameras, sensors, and gentle brushes, allowing them to operate autonomously day or night without disrupting the vessel's schedule. Beyond cleaning, the system provides regular hull inspection reports, creating 3D models to detect damage without the need for human divers. The company serves both commercial fleet operators, such as the NRMA's Manly Fast Ferry, and private yacht owners.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Sydney, Australia
Employees
41
Open positions
5
Dealroom signal
71.9/100
Sub-industry
Maintenance
Sector
Transportation, Industrial Robotics, Predictive Maintenance, Drones
Technology
Artificial Intelligence, Hardware, Deep Tech, Machine Learning, Deep Learning, Computer Vision, Autonomous & Sensor Tech
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES AOther financing Nov 2025 $10M $41M Katapult Ocean · Bandera Capital · Rypples · Climate Tech Partners ↗
GRANTOther financing Jul 2025 $1.3M — State Government of New South Wales ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Hullbot website traffic

Latest recorded traffic for Hullbot is 5.9K monthly website visits, up 55.3% over the last three months. Hullbot's team grew 5.1% over the past year.

Latest monthly visits5.9K 3-month web change+55.3% 1-year team growth+5.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

18 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Innovation Connections
  • State Government of New South Wales

Series A8 investors entered at this stage

  • Regeneration.VC
  • Katapult Ocean
  • Bandera Capital
  • Rypples
  • Climate Tech Partners
  • Folklore Ventures
  • NewSouth Innovations
  • Trinity Ventures

Other known investors8 additional known investors

  • University of New South Wales
  • Katapult Group
  • 1000 Ocean Startups
  • Impact Ventures
  • Nvidia Inception
  • Ocean Impact Organisation
  • Startmate
  • UNSW Founders
Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇦🇺 Australia87.5%
🇺🇸 United States7.5%
🇩🇰 Denmark2.5%
🇳🇿 New Zealand2.5%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Hullbot on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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