ShipIn raises $52M Series B to expand maritime AI platform
What's the deal? ShipIn SystemsDealroom has a profile for this one. Try Dealroom →, a Boston-based maritime technology company, has raised $52 million in a Series B round to expand its AI-powered operational intelligence platform for commercial shipping. The round was led by Proofpoint CapitalDealroom has a profile for this one. Try Dealroom →, with participation from HighSage VenturesDealroom has a profile for this one. Try Dealroom →, Bling Ventures, Framework Venture PartnersDealroom has a profile for this one. Try Dealroom →, and Tokio Marine Future FundDealroom has a profile for this one. Try Dealroom →.
Existing investors Zeev Ventures, Munich ReDealroom has a profile for this one. Try Dealroom →, AtincDealroom has a profile for this one. Try Dealroom →, and Hyperplane VenturesDealroom has a profile for this one. Try Dealroom → also joined. Matt Wallach, co-founder of Proofpoint Capital and Veeva Systems, has taken a seat on ShipIn's board.
What's the endgame? ShipIn's platform combines data from onboard cameras, vessel systems, sensors, and applications to give shipowners operational visibility. It says the system is deployed by 92 shipowners across more than 1,300 vessels.
The company will use the funding to accelerate its FleetVision product, expand AI across vessel operations, and fund international expansion, strategic partnerships, and its intellectual property portfolio.
Why now? "Commercial shipping is entering its AI era," said Osher Perry, founder and chief executive officer of ShipIn Systems. He said AI can now turn operational data into intelligence, "empowering crew, reducing risk and helping shipowners operate safer, smarter and more efficient fleets."
The signal: The backing of underwriter Tokio Marine points to insurers' growing interest in prevention over payout. "The future of marine insurance lies in preventing incidents before they occur," said Masaru Kusutani, managing executive officer at Tokio Marine HoldingsDealroom has a profile for this one. Try Dealroom →, adding that such technologies could improve "both the resilience and profitability of global shipping."
Read more: linkedin.com, tradewindsnews.com, smartmaritimenetwork.com
Image credit: ST33VO
