Zeabuz AS Secures NOK 40 Million Funding Led by Grieg Kapital

Zeabuz AS, a Norwegian company developing autonomous maritime solutions for civilian and defence applications, has secured NOK 40 million in a funding round led by Grieg Kapital AS, with participation from Eitzen AS, Barclay Holding AS, and existing shareholders.

As part of the transaction, Eirik Barclay, owner of Barclay Holdings AS, will join Zeabuz as Executive Chair. The new capital will be used to expand the organisation, strengthen delivery capacity, and support deployments across international markets.

🎤 Øyvind Smogeli, CEO & Co‑Founder of Zeabuz, said:

“This investment comes at a defining moment for Zeabuz. We are seeing a clear shift from pilot projects to full‑scale deployment across both commercial and defence applications. This funding enables us to scale in line with growing demand from partners who are now ready to move into operational use of autonomous systems.”

Grieg Kapital AS, as lead investor, brings maritime and industrial expertise and will play an active role in supporting Zeabuz’s growth.

🎤 Magnus Sørensen Ullereng of Grieg Kapital said:

“We are proud to lead this round alongside Eitzen and a strong group of co‑investors, and we look forward to supporting Zeabuz as they scale. The company has demonstrated an ability to move from technology development to real‑world deployment.”

🎤 Fridtjof Eitzen of Eitzen AS commented:

“At Eitzen, we have made a clear strategic commitment to electrification and autonomous vessel operations — two technologies we believe will drive a step‑change in how ships are designed and operated. Zeabuz is among the few companies at the forefront of this development, and this investment reflects our strong conviction in their ability to lead the transition.”

🎤 Eirik Barclay, incoming Executive Chair, added:

“Zeabuz is entering a pivotal phase where proven technology meets accelerating market demand. What stands out is the company’s ability to translate autonomy into scalable, real‑world operations. This capital raise strengthens the foundation for disciplined growth. I look forward to working closely with the team and Board to scale the company internationally, strengthen governance, and support the next phase of commercial expansion.”

📃📷 Source : Zeabuz AS