ShipIn Systems, a Boston, MA-based visual fleet management platform, announced that it raised $24 million in Series A funding.
The round was led by Zeev Ventures, a leading Silicon Valley venture capital firm, with participation from Investors at.inc/, Hyperplane, and Munich Re Ventures also participated.
The Series A investment will power ShipIn’s mission to improve safety, security, and productivity in the global maritime industry with patented AI technology.
With this investment, ShipIn will focus on significantly scaling across the industry and expanding its visual analytics platform capabilities.
Osher Perry, CEO and Co-Founder of ShipIn Systems, said: “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.”
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, machinery concerns, and more.
Company: ShipIn Systems Inc.
Round: Series A
Funding Month: October 2022
Lead Investors: Zeev Ventures
Additional Investors: at.inc/, Hyperplane, and Munich Re Ventures
Company Website: https://shipin.ai/
Software Category: Visual Fleet Management
About the Company: Founded in 2019 by Osher Perry and Ilan Naslavsky, ShipIn Systems is a FleetVision™ Platform, unlocking ship-to-shore collaboration for global maritime fleets with AI and visual analytics. ShipIn’s FleetVision platform deploys AI-powered cameras and real-time visual analytics, enabling real-time notifications, benchmarking of vessel performance, and remote audits, directly improving the financial performance of global fleets. In addition, the platform makes it easier to process maritime insurance claims with an accurate record of all events onboard. It automatically alerts stakeholders onboard and onshore to any safety violations, creating a digital source. Creating a digital bridge between ship and shore, ShipIn provides insights into piloting, security, cargo operations, and more.