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[Funding News] CA-based Aikido Technologies Raises $4M Seed Financing

Aikido Technologies, a floating wind startup has raised over-subscribed $4 million Series Seed funding round led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, Anthropocene Ventures, and others.

Aikido Technologies, a floating wind startup has raised over-subscribed $4 million Series Seed funding round led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, Anthropocene Ventures, and others.

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The capital will be used by Aikido to further technology for offshore deployment and the development of its team. The technology is already supported at present by Breakthrough Energy Fellows, providing financing for Aikido’s first pilot deployment, called the Aikido One.

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“The American Bureau of Shipping (ABS) is proud to have been involved with the Aikido team since 2022, when we granted their concept an Approval-In-Principle,” said Rob Langford, ABS Vice President, Global Offshore Wind. “I welcome the announcement of this financing as a great signal for Aikido and the strength of the floating wind industry. I look forward to following the Aikido One project and their progress in the coming years.”

Matthew Nordan, General Partner at Azolla Ventures, said, “We are delighted to lead Aikido’s first equity financing. The world does not reach net zero greenhouse gas emissions without taking advantage of the extraordinary resource in offshore wind, but the high costs of incumbent technologies have limited deployments to date. We are optimistic that Aikido stands out amongst a multitude of competing concepts in its ability to dramatically reduce costs and speed up installation.”

About Aikido Technologies

Founded in 2022, Aikido Technologies is developing innovative technologies for the floating wind industry. We want to bring low-cost, clean electricity to coastal cities around the world. Our technology uniquely unlocks local maritime infrastructure to create high-paying jobs and long-term benefits to the local communities.

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