Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.13.24
Pillsbury advised Chevron Technology Ventures on its recent investment into Sea Machines, a developer of autonomous control systems and advanced perception technology for maritime vessels.
The $12 million funding round was led by Emerald Technology Ventures with participation from Nabtesco Technology Ventures (NTV), Ingram Industries, RKKVC, Level 2 Ventures and IMC Ventures, in addition to Chevron.
Sea Machines’ proprietary technology helps sea vessels navigate and operate with greater efficiency, productivity and capability. According to a company press release, the raised funds will help Sea Machines hone its technological edge and grow its market presence.
Click here to read the full company press release.
The Pillsbury deal team was led by Corporate partner Christina Pearson and included associate Grace Lee.
To learn more about Pillsbury’s previous advisements of Chevron Technology Ventures, click here, here and here.