AdBm Technologies Lands $1.3 Million in Funding from CTAN and Others

adbm-logo-200x114AdBm Technologies closed on $1.3 million in funding led by the Central Texas Angel Network.

Other investors included Green Park & Golf Ventures as well as the Houston Angel Network and the North Texas Angel Network.

“AdBm, a portfolio company of the Austin Technology Incubator’s Clean Energy Incubator, also recently announced a successful test of its product in the German North Sea with underwater noise reduction of almost 40 decibels, exceeding performance expectations,” according to a news release.

The startup, founded in 2013 at the University of Texas at Austin, created an affordable underwater noise abatement system with applications in the offshore wind, energy and marine construction industries.

“The AdBm technology is much more effective acoustically and considerably faster to install that other alternatives, while also safer and more economical,” according to its news release.

AdBm plans to use the money raised in its Series A round to scale its production and manufacture its first commercial scale systems. The company has a pipeline of more than 30 sales projects worth more than $55 million.

“We can now take our commercialized solutions and work aggressively to get them into the market to simplify and improve the installation of offshore wind projects,” Mark Wochner, PhD, CEO of AdBm Technologies said in a news release.

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