Nauticus Robotics is presenting an updated investor deck focused on its strategy to scale its physical AI in subsea robotics. The company aims for a 10-20x return through revenue scaling and multiple re-rating. Nauticus has undergone a refocus and rebuild phase, with a new CEO in place since 2024, downsizing and refining its business model. The company is now commercially ready, with new leadership in software, sales, and legal roles, and the integration of SeaTrepid. The market for subsea operations is estimated at $36 billion by 2030, driven by demand in defense, energy (offshore wind), and new frontiers like seabed minerals. Nauticus aims to disrupt the subsea market by reducing costs associated with vessels, crews, fuel, and manual piloting through uncrewed, autonomy-driven operations. The company's differentiated technology stack includes its Aquanaut vehicle, robotic manipulation capabilities, and the platform-agnostic Nauticus ToolKITT autonomy software. Nauticus has multiple revenue streams: services (near-term cash engine), hardware (Aquanaut and Manipulator sales), and software subscriptions (recurring Nauticus ToolKITT licenses). Projected blended gross margins are expected to exceed 50% as the mix shifts towards software and technology-enabled services. The company reported tripling revenue in 2025 and has a pipeline built for further growth. Key growth plans include expanding software revenue through Nauticus ToolKITT licenses, growing defense and hardware sales, geographic expansion (GCC and international), and scaling its AUV & ROV fleet. The presentation highlights key leadership figures with extensive experience in energy services, AI, finance, and subsea operations.