ShipIn Systems, a visual fleet management platform, has raised $24m in Series A funding in a bid to make the maritime industry safer.
The round was led by Zeev Ventures, a leading Silicon Valley venture capital firm. Investors at.inc/, Hyperplane, and Munich Re Ventures also participated.
Founded in 2019 by Osher Perry and Ilan Naslavsky, ShipIn’s platform proactively alerts shipowners, managers, and seafarers to onboard events in real-time, reducing losses by 40% and increasing productivity by 8%.
ShipIns said its platform makes it easier to process maritime insurance claims with an objective record of all events onboard.
ShipIn said the investment will power its mission to improve safety, security, and productivity in the global maritime industry with patented AI technology.
The company said it will use the funding to scale across the industry and expand its visual analytics platform.
Using AI and computer vision technology, ShipIn’s FleetVision platform detects events onboard ships in real-time, alerting crew at sea and teams ashore to safety or security hazards, operational anomalies and machinery concerns.
Oren Zeev, Founding Partner at Zeev Ventures, noted: “I’m excited to invest in the maritime space for the first time. With so much pressure on the global supply chain, this industry is changing rapidly and undergoing significant transformation. ShipIn is at the forefront of the maritime technology space, building an operating platform to advance and modernise global shipping fleets.”
Osher Perry, CEO and co-founder of ShipIn Systems, added, “We’re thrilled to partner with Zeev Ventures to help maritime shipping become safer and more productive, and to bring data-driven visibility to an industry that had not previously benefited from access to these powerful tools. For the first time, ship owners, managers and crew can see the same information at the same time, and collaborate as if they are working shoulder-to-shoulder, despite being oceans apart.”
Otonomi, an InsurTech and parametric cargo insurance platform, recently raised $3.4m in a funding round.
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