VideoRay

About VideoRay

VideoRay, founded in 1999 by Scott Bentley, is a company specializing in the design and manufacture of underwater remotely operated vehicles (ROVs). Based in Pottstown, Pennsylvania, the company has grown to become a significant producer of inspection-class ROVs, having delivered over 4,500 units worldwide. In December 2022, Bentley transitioned to the role of Executive Chairman, with Chris Gibson, a 20-year veteran of the company, taking over as CEO.

The company's business model centers on the sale of its ROV systems, accessories, and providing related support and training. VideoRay serves a diverse client base across multiple industries, including defense, first responders, civil inspection (such as infrastructure, dams, and nuclear energy facilities), offshore oil & gas, wind energy, aquaculture, and scientific research. Its products are sold through a global network of over 40 dealers and partners. The company's key products are part of the modular Mission Specialist (MS) series, which includes models like the Defender, Pro 5, Wraith, and Ally. These systems are designed to be portable, durable, and highly maneuverable, capable of operating in currents up to four knots and can be equipped with a wide array of sensors, tools, and payloads such as manipulators, sonar systems, and various sensors for different inspection tasks. This modularity allows for customization to meet specific mission requirements.

VideoRay has undergone significant strategic developments. In October 2023, the company acquired Blue Ring Imaging, a developer of 3D visualization and simulation technologies, to integrate AI and augmented reality capabilities into its ROV product line, enhancing functions like object detection and situational awareness. Subsequently, in November 2024, VideoRay itself was acquired by BlueHalo, a defense technology company backed by Arlington Capital Partners. This acquisition added an unmanned maritime capability to BlueHalo's portfolio, which already included space technologies, counter-UAS, directed energy, and AI. More recently, a transaction was completed between AeroVironment and BlueHalo, further integrating VideoRay's capabilities into a larger defense technology framework.