VantagePoint Venture Partners
VantagePoint Venture Partners invests in big ideas and
transformative companies. Manatt counseled the venture capital
firm, which was the lead investor in an $18 million financing for
Liquid Robotics Inc. An innovator in the marine technology market,
Liquid Robotics developed state-of-the-art technology to observe
the ocean and its climate and resources in detail with its patented
Wave Glider unmanned maritime vehicle. The seacraft needs no fuel
and uses waves to propel itself for up to a year without recharging
its battery, providing a persistent ocean presence for commercial,
scientific and defense users. VantagePoint relied on Manatt's
patent, diligence and corporate experience to wade through the
intricacies of intellectual property and venture financing issues.
The result was a successful investment in a portfolio company now
sought after by academic and government organizations and by
players in the petroleum, wind power and fishing sectors.