Square Robot Inc. Company Profile

Background

Overview

Square Robot Inc., established in 2016, is a pioneering robotics technology company specializing in autonomous, submersible inspection robots designed for the internal examination of above-ground storage tanks. The company is headquartered in Boston, Massachusetts, with a service and training facility located in Houston, Texas. Square Robot's mission is to revolutionize tank inspection by providing safe, efficient, and environmentally responsible solutions that keep tanks operational during inspections.

Mission and Vision

Square Robot's mission is to transform above-ground storage tank inspection by eliminating unsafe work practices, reducing environmental impact, and dramatically improving inspection efficiency and total cost of ownership. The company's vision is to be the global leader in robotic tank inspections, setting new standards for safety, efficiency, and sustainability in the industry.

Primary Area of Focus

The company's primary focus is on providing in-service, internal robotic inspections of above-ground storage tanks. By deploying autonomous, submersible robots, Square Robot enables tank operators to conduct thorough inspections without the need to drain tanks or expose personnel to hazardous environments. This approach enhances safety, reduces downtime, and minimizes environmental impact.

Industry Significance

Square Robot has significantly impacted the tank inspection industry by introducing innovative robotic solutions that address longstanding challenges. The company's technology has set new standards for safety, efficiency, and environmental responsibility, leading to widespread adoption across various sectors, including refining, chemical, mining, aviation, renewables, and power generation.

Key Strategic Focus

Core Objectives

Safety Enhancement: Eliminate the need for confined space entry during tank inspections, thereby reducing the risk of accidents and exposure to hazardous substances.

Operational Efficiency: Provide in-service inspections that allow tanks to remain operational, minimizing downtime and associated revenue loss.

Environmental Responsibility: Reduce the environmental impact of traditional inspection methods by containing emissions and eliminating the need for waste disposal associated with out-of-service inspections.

Specific Areas of Specialization

Robotic Inspection Technology: Development and deployment of autonomous, submersible robots capable of performing comprehensive internal inspections of above-ground storage tanks.

Data Acquisition and Processing: Utilization of advanced sensors and data analytics to provide high-fidelity inspection data, enabling informed decision-making and proactive maintenance.

Key Technologies Utilized

Phased Array Ultrasonic Testing (PAUT): Employed to detect and assess corrosion and integrity flaws in tank floors.

Artificial Intelligence and Machine Learning: Integrated into data analysis processes to enhance reporting efficiency and data quality.

Advanced Robotics: Design and manufacturing of robots capable of operating in hazardous environments without human intervention.

Primary Markets Targeted

Refining: Ensuring the integrity of storage tanks used in the refining process.

Chemical: Maintaining the safety and functionality of tanks storing various chemicals.

Mining: Inspecting tanks involved in the storage of mining by-products and chemicals.

Aviation: Assessing tanks used for aviation fuel storage.

Renewables: Supporting the inspection of tanks in renewable energy facilities.

Power Generation: Ensuring the integrity of storage tanks in power plants.

Financials and Funding

Funding History

Series B Funding Round (December 2025): Square Robot successfully closed its Series B funding round, securing significant investment to support its global expansion and technological advancements.

Growth Investment from Crosstown Capital LP (October 2023): The company received a $5 million growth investment to accelerate the expansion of its tank inspection robot fleet and enhance training programs for specialized field crews.

Total Funds Raised

As of January 2026, Square Robot has raised a total of $18 million in funding, comprising the $5 million growth investment from Crosstown Capital LP and the Series B funding round completed in December 2025.

Notable Investors

Crosstown Capital LP: Provided a $5 million growth investment in October 2023.

Marathon Petroleum Corporation: Participated in the Series B funding round in December 2025 and entered into a strategic collaboration to develop next-generation robotic inspection platforms.

Utilization of Capital

Global Expansion: Establishing a permanent presence in Europe and the Middle East, including dedicated personnel and assets.

Fleet Expansion: Increasing the number of SR-3 robots to meet growing market demand.

Technological Advancements: Enhancing in-service capabilities, improving operational efficiency, and advancing data services.

Pipeline Development

Key Pipeline Candidates

SR-3 Robots: The latest generation of autonomous, submersible inspection robots designed for in-service tank inspections.

Stages of Development

SR-3 Robots: Successfully completed initial operations and are being deployed in various markets.

Target Conditions

Extreme Temperatures: Development of robots capable of operating in temperatures up to 60°C.

Sediment Tolerance: Enhancements to sediment removal systems to improve data quality in tanks with significant sediment accumulation.

Anticipated Milestones

Q1 2025: Launch of new robots capable of operating in extreme temperatures.

2025: Introduction of AI-enabled tools to enhance reporting efficiency and data quality.

Technological Platform and Innovation

Proprietary Technologies

SR-3 Robots: Advanced autonomous, submersible robots designed for in-service tank inspections.

Sediment Removal System: An upgraded system to improve data quality in tanks with sediment accumulation.

Significant Scientific Methods

Phased Array Ultrasonic Testing (PAUT): Utilized for detecting and assessing corrosion and integrity flaws in tank floors.

Artificial Intelligence and Machine Learning: Integrated into data analysis processes to enhance reporting efficiency and data quality.

AI-Driven Capabilities

Quality Control: AI-powered systems to improve data analysis and reporting efficiency.

Rapid-Insight Reporting: Utilization of machine learning algorithms to provide quick and accurate inspection reports.

Leadership Team

David Lamont: CEO

Professional Background: Over 40 years of experience in the energy technology services sector, including leadership roles at Proserv and ROVOP.

Contributions: Led Square Robot's strategic direction and expansion into new markets.

Jerome Vaganay: Founder & CTO

Professional Background: Former Director of Inspection Systems at Bluefin Robotics, with expertise in underwater navigation and autonomous vehicle development.

Contributions: Developed Square Robot's robotic inspection technology and led technical innovation.

Dave Therrien: CFO

Professional Background: Over 12 years of experience in financial leadership roles in the robotics, subsea, and manufacturing industries.

Contributions: Managed financial operations and strategic financial planning for Square Robot.

Brian Kinsey: CGO

Professional Background: Over 35 years of sales, business development, and executive leadership experience in energy-related technology service and manufacturing companies.

Contributions: Drove business growth and market expansion strategies for Square Robot.

Matt Crist: VP of Middle East, North Africa

Professional Background: Over 25 years of storage tank experience, including roles as an inspector, project manager, and business line manager for NDT inspection companies.