A virtual environment based on a digital twin of a crude oil tanker developed by Kanda to simulate a Lock Out Tag Out safety procedure. Image courtesy of Kanda.
The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), have announced that 12 start-ups from Port Innovation Ecosystem Reimagined @ BLOCK71 (PIER71)’s Smart Port Challenge (SPC) 2019 have each been awarded S$50,000 in grant funding from MPA. The funding will enable the start-ups to conduct prototype development and test-bed their near market-ready solutions.
From left to right: David Baker, Mercia, with Daniel Ng and Ken Woghiren, CyberOwl.
Cybersecurity start-up CyberOwl has secured £1.8 million in funding to help develop its cybersecurity solution for the shipping and maritime industries.
A new Norwegian project that will see KONGSBERG Group install and test autonomous technology on two vessels in different operational environments has received almost EUR 20.1 million, equivalent to NOK 200 million, in EU funding.
Voyager has completed a $1.5 million seed funding round co-led by ATX Venture Partners, Blue Bear Capital, GreenHawk Capital, and Phaze Ventures to expand the Software-as-a-Service (SaaS) network’s offerings, further acquire and expand its customer base, and grow its engineering, development, marketing and sales teams.
Marseille-based company Traxens has closed a Series C funding round worth close to EUR 20 million ($22.7M), with the purpose of launching a global large-scale sea-land fleet of IoT tracking solutions on vessels operated by its partner shipping companies, including CMA CGM and MSC.
Microsoft is supporting the development of artificial intelligence (AI) to improve fuel efficiency on ships with a US $11 million in Series A funding for Nautilus Labs.
Communications company OneWeb has secured $1.25 billion in new capital to accelerate the development of a global communications network by 2021.
Boston-based autonomous vessel technology company Sea Machines Robotics has closed a $10 million fundraising round, bringing the total funding raised by the company to $12.5 million.
Hapag-Lloyd has committed to making new investments in digitalisation and automation over the next five years, as it unveiled details of its new ‘Strategy 2023’ corporate plan.
Satellite-AIS data provider exactEarth is to gain CAD$7.2 million (approx. US$5.5m) in investment over three years from the Government of Canada, to support the development, management and expansion of exactView RT, the company’s real-time Satellite-AIS service.
Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.
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