Funding for visual fleet management
In USA, investors have shown interest in the Boston-based firm Ship In Systems, a visual fleet management platform.
The series A funding was led by Zeev Ventures, a Silicon Valley venture capital firm. Hyperplane and Munich Re Ventures also participated, bringing the total funding to USD 24 million. This investment in Ship In marks Zeev Ventures’s first venture into the maritime industry.
Ship In will now focus on broadening its customer base in the industry and expanding its visual analytics platform capabilities. Using AI and computer vision technology,
Ship In’s fleet vision platform detects events onboard ships in real-time, alerting crew at sea and teams ashore to safety or security hazards, operational anomalies, machinery concerns, and more. A recent study with one of its customers highlighted a 40% reduction in losses onboard cargo ships, while increasing cargo operations productivity by 8%. (sh)