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Bluefin Robotics

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Listed Since 2003
Bluefin Robotics
United States
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Company Profile
 
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   Registration Date: Oct. 29, 2003

   Last Updated:

Oct. 29, 2003
 
Company Contact
   Name: Mr. Michael Cimpher [Technician]
   E-mail: Send Message
   Phone Number: 1 617 498 0308
   Address: 301 Mass Ave
Cambridge 02134, MA
United States

Business Nature: Manufacturing of Environment category

Company Brief

Starting in 1989, the MIT Autonomous Underwater Vehicle Laboratory has pioneered vehicle technology in academia. The fourteen year long progression from the SeaSquirt to the Bluefin AUVs has led to dramatic gains in capability, performance, and applicability. Capable of reaching the sea floor almost anywhere in the world and robust enough to be deployed in the Antarctic and the Labrador Sea, the MIT team has proven that AUVs can be a reliable, affordable tool to the academic community.
Founded in May of 1997, Bluefin Robotics is registered in Massachusetts, USA, as a privately held "C" corporation. The company was formed from a core team of the Autonomous Underwater Vehicles Laboratory at the Massachusetts Institute of Technology, and is still closely associated with it. The Bluefin team brings a unique set of skills and experience to market, continuing to apply hard won expertise in the application of advanced materials, systems, and technologies to real life operational conditions.
Our extensive market research indicated that the spin-off would be viable by focusing on three specific market areas:
- Scientific research and technology development with advanced underwater platforms.
- Naval mine warfare and general clandestine battlespace preparation.
- Offshore oil field seafloor surveys, particularly for deep-water installations.
The growth of our business has validated these predictions.
For such a young company Bluefin is in robust financial health. We have booked a modest profit in every year since Bluefin was started. In the beginning of 1999 Bluefin raised private capital through a limited stock offering. This offering was successful and further strengthened Bluefin's financial position. Bluefin is completely equity financed and has no debt. Our solid business fundamentals make us a reliable partner.
Utilizing the strong parallels between offshore oil survey work, US Navy needs and the technologies needed for oceanography AUVs.

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