At DroneLife we don’t allocate many words to machines that don’t fly. But there are exceptions and the activities of Fathom is one of them. Last June we wrote about Fathom and their football-shaped tethered drone that connects with a smart device to gather underwater video and images.
Today, we continue to cover this cool company as they launch their crowd-funding campaign on Netcapital.
“Fathom, a Techstars 2017 company, is making underwater exploration accessible for everyone, allow everyday people to discover the world in a new way.” And today they launched a crowd-funding campaign aimed at bringing in more a million dollars in new capital. Assuming the raise, the company would have an implied value of $5 million.
I spoke with Danny Vessells, Fathom’s CMO and Co-Founder. Danny told me that although the initial focus is on photography, he sees many commercial applications. From boat inspections (props and hulls), commercial fishing, scuba diving safety, and to eventual search and rescue applications. The company believes there is a total addressable market of $50 billion in consumer and commercial markets.
From the Netcapital Site:
“Fathom is a team of engineers with a passion for the outdoors and was founded around a simple goal: Create a new way to discover the world. What better to discover than something that has never been seen before? With the Fathom One, the team is using their experience as drone-users, scuba divers, and outdoor enthusiasts, combined with their engineering expertise, to create an adventure like none other, merging tech with the outdoor world so that all you’re left with is a sense of awe in your surroundings as you dive to new depths.”
“Its patent pending modular thruster system provides more flexibility and adaptability than any other drone on the market, while also increasing the robustness. By removing the thrusters for travel, users can slip the world’s smallest underwater drone into a backpack for a day hike, or a carry-on for a caribbean adventure. Once you reach your destination, set-up only takes a couple minutes and then you’re ready to dive.
If something goes wrong with the Fathom One, rather than sending in the entire drone for repairs, users can simply purchase new thrusters to swap out with the old ones. With a simple iOS or Android app, all you need to explore is the phone in your pocket.”
Want to hear more, listen to the review from 8-year-old-Quinn.
And even more from the Company:
Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com