Square Robot, Inc., a global leader in robotic tank inspections and Global Tank Storage Award winner 2024, successfully closed its Series B funding round in November 2024. The funding will drive the company’s domestic and international expansion to meet accelerating global demand for its innovative services. Square Robot’s cutting-edge technology delivers comprehensive, high-fidelity data of unprecedented quality while eliminating the need for personnel to enter hazardous work environments. These robotic inspections are performed while tanks remain fully operational, ensuring continuous service and reducing carbon emissions.
The Series B investment will enable Square Robot to:
- Expand global operations and establish a permanent presence in Europe and the Middle East in Q1 2025, including dedicated personnel and assets.
- Broaden service delivery, having already operated in 13 countries across five continents in 2024, with plans to enter an additional four countries and one new continent in Q1 2025 alone.
- Continue technology innovation, focusing on enhancing in-service capabilities, improving operational efficiency, and advancing data services.
In response to client demand, Square Robot will launch a new robot in Q1 2025 capable of operating in extreme temperatures up to 60°C. Additionally, the company will introduce its first AI-enabled tools to significantly improve reporting efficiency and elevate data quality.
David Lamont, CEO of Square Robot, says: ‘We greatly appreciate the support and confidence shown by our outstanding investors. This Series B round, our largest to date, enables us to accelerate our growth plans and meet the surging global demand for our services.’
