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Sea Machines Raises $10 Million

Company involved with Maersk to increase the height of deck stows will use funds to further develop its technology

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Boston-based Sea Machines Robotics boosted its coffers with the closing of a US $10 million Series A investment round.

 

There are plenty of maritime-focused technology companies in the hunt for funding (and customers) at the moment. Picking winners is difficult, but what makes this one stand out is that Sea Machines has previously announced a contract with A.P. Moller-Maersk to test its perception and situational awareness technology aboard one of the company’s new-build ice-class container ships.

 

WorldCargo News has speculated that Maersk’s work with Sea Bridge could be related to a patent Maersk applied for on using technology to improve the field of view from the bridge of a containership, which in turn could allow higher deck stows to be carried forward of the bridge than today, effectively increasing vessel capacity.

 

Sea Machines has now tapped new investors, including Toyota AI ventures, to develop its technology. “The investment marks one of the largest venture rounds for a marine- and maritime-focused technology company and brings the total capital Sea Machines has raised to $12.5M. Sea Machines will use the funds to expand the sales and global reach of its recently released line of products, grow the R&D and engineering teams, roll out new product feature sets, and further the company’s lead in developing advanced situational awareness systems for vessels,” Sea Machines said in a statement.

 

"We are creating the technology that propels the future of the marine industries. This investment enables us to double down on our commitment to building advanced command and control products that make the industry more capable, productive and profitable," said Michael Gordon Johnson, founder and CEO, Sea Machines. "This backing is another signal that Sea Machines is the unquestioned leader in the space and is playing an integral role in the revolution of marine and maritime operations driven by technology.”

 

"At Toyota AI Ventures, we believe that autonomous mobility can help improve people’s lives and create new capabilities – whether on land, in the air or at sea," said Jim Adler, founding managing director, Toyota AI Ventures. "Sea Machines’ autonomous technology and advanced perception systems can reduce costs, improve efficiency and enhance safety in the multi-billion dollar commercial shipping industry. This marks our first investment in the maritime industry, and we’re excited to embark on this journey with Sea Machines."

 

"I think this investment sends a strong signal on the types of technologies that will come to define the maritime industry in the future," said P. Michael A. Rodey, senior manager, A.P. Moller-Maersk.

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