Hydroid, Inc.
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Hydroid, Inc. - overview
Established
2001
Location
-, MA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Hydroid, Inc. is a leading provider of unmanned underwater vehicles (UUVs) designed for advanced marine applications, catering to military and governmental sectors. Hydroid, Inc. specializes in the development and manufacturing of unmanned underwater vehicles, having been founded in 2001 in the United States.
The company was acquired by Huntington Ingalls Industries in March 2020 for USD 350 mn. Prateek Arote serves as the CEO. Hydroid provides advanced underwater vehicle technology solutions tailored for military and governmental clients. Their products primarily include unmanned underwater vehicles (UUVs) that support various missions including environmental monitoring, defense, and autonomous navigation, utilized by entities such as the U.
S. Navy and other international defense forces. In its most recent fiscal year, Hydroid reported revenue of USD 7. 50 mn, primarily through government contracts for its UUV technologies and associated services.
Hydroid's future growth strategy includes the continuous enhancement of its UUV technology, with plans to launch a new model by late 2023. The company aims to expand its presence in European and Asia-Pacific markets by 2025, leveraging the recent acquisition funding of USD 350 mn to support R&D and market entry initiatives.
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobile Dealerships, Automobiles, Other Vehicles & Parts
Website
www.hydroid.com
Verticals
Robotics
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Hydroid, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Hydroid, Inc. | - | ||||||||
| Buyout | Completed | Hydroid, Inc. | - | ||||||||
| Trade Sale | Completed | Hydroid, Inc. | - | ||||||||
| Growth | Completed | Hydroid, Inc. | - |
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