FrontM, a London, UK-based AI software platform startup that provides a collaboration platform for the maritime industry, raised $1.5 million in pre-Series A funding.
The round was led by Jenson Funding Partners, Tradeworks.vc, Motion Ventures, and a syndicate of MarTech investors.
With the investment, FrontM will accelerate its mission to solve the connectivity and efficiency challenges that maritime businesses and their mobile workforces or customers face when operating in remote and low bandwidth environments.
FrontM is the maritime super-app platform and app marketplace, optimized for low bandwidth environments, with an exciting array of partner integrations and app rollouts in the pipeline.
It operates a multi-sided business model that connects ships and crews with maritime services and solutions providers, using Edge Computing and AI technology to effectively maximize the value of available bandwidth of existing satellite connections.
Kiran Venkatesh, Co-founder and CEO of FrontM, said: “Since our Covid-pivot, we evolved our maritime-focused product roadmap and completed a range of initial rollouts. I’m hugely excited to have the backing of eminent maritime investors who share our vision and are equally passionate about digitally empowering people.”
Company: FrontM Ltd.
Raised: $1.5M
Round: pre-Series A
Funding Month: March 2023
Lead Investors: Jenson Funding Partners, Tradeworks.vc, Motion Ventures
Additional Investors:
Company Website: https://frontm.com/
Software Category: Collaboration Software
About the Company: FrontM is a technology startup company that provides a collaboration software platform and operates with a growing team of 35+ pioneering software architects, engineers, and data scientists in London and Bangalore. FrontM simplifies communication and drives increased collaboration, productivity, and welfare between ship and shore operations. FrontM is a partnership-centric company where it builds and consolidates various partner services and solutions into its app marketplace. FrontM today connects 500+ ships and 20+ blue-chip solution providers worldwide.
Source: https://www.uktechnews.info/2023/03/14/frontm-secures-1-2-million-seed-investment-led-by-jenson-funding-partners/