Beam
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Biography
Beam was a UK-based deep-technology company focused on offshore wind solutions. It utilized AI and autonomous robotics—including remotely operated vehicles (ROVs) and autonomous surface/underwater vessels—to service subsea infrastructure. The company was formed in 2024 through the merger of Rovco and Vaarst.
Cause of Death
Beam entered administration after a failed attempt to raise over £100 million in funding. Following the unsuccessful equity raise and the inability to secure a buyer for the business as a going concern, the company ceased operations and made the majority of its staff redundant.
Sources: insolvency-insider.co.uk, energyvoice.com, rosen-nxt.com
Life Statistics
"Every digital product carries the dreams of its creators. Though they may vanish, the meaning of their existence will never be forgotten."