Orca AI, a Tel Aviv, Israel-based AI-based operational platform for ships, has secured $23 million in funding, bringing its total raised to nearly $40 million.
Investors
The round was led by OCV Partners and Mizmaa Ventures, with participation from Ankona Capital Partners, Santa Barbara Venture Partners, Playfair Capital, and strategic investors.
Founded in 2017, OCV Partners is a Los Angeles-based venture capital firm that invests in companies with differentiated technologies in compelling target markets.
MizMaa Ventures is an early-stage, thesis-driven venture capital firm that invests in Israeli entrepreneurs who build deep-technology solutions. It was founded in 2016 and is based in Tel Aviv, Israel.
Orca AI Use of Funds
The company will use the funds to invest in technology, expand internationally, and grow, contributing to reducing maritime carbon emissions and improving navigation efficiency and safety.
About Orca AI
Founded by Yarden Gross and Dor Raviv, Orca AI specializes in enhancing maritime safety through advanced AI and computer vision, focusing on reducing risks and human error in navigation. Its platform enhances voyage safety, operational efficiency, and sustainability for ships and fleets. It features a fully automated watchkeeper that processes multiple sources of visual information during navigation at sea, mimicking and enhancing human watchkeeping at the most complex marine traffic situations in real time.
Funding Details
Company: Orca AI Ltd.
Raised: $23.0M
Round: Unknown
Funding Month: May 2024
Lead Investors: OCV Partners, Mizmaa Ventures
Additional Investors: Ankona Capital Partners, Santa Barbara Venture Partners, Playfair Capital
Company Website: https://www.orca-ai.io/
Software Category: Maritime Safety Solutions
Source: https://www.orca-ai.io/resource/orca-ai-raises-23-million-to-propel-autonomous-shipping/