Berlin-based Flagship Founders, a company formed in May of this year to support the growth of new maritime technology businesses, has launched its first start-up – fellow German firm Kaiko Systems.
Kaiko Systems has developed a tool to organise and analyse ship data, providing insights into the vessel’s operational health and identifying risks before they result in incidents.
The system allows the crew to centralise relevant information about the condition of a vessel, which is automatically assessed by the software’s AI-based data analysis engine to allow decision makers to take proactive measures.
“Ships are like floating factories, but technical restrictions make it tricky to gain a reliable insight into their actual state. This often leads to incidents and subsequent downtime,” said Fabian Fussek, founder and Managing Director at Kaiko Systems.
“Flagship Founders’ in-depth expertise allowed us to identify those issues and develop a product that translates early indicators into reliable decision support. Our solution makes the seas safer and shipping more profitable.”
Flagship Founders was created to identify the potential for the application of digital systems in critical areas in shipping, which can then be implemented and brought to market by its portfolio companies. The objective is to launch a handful of spin-offs each year.
Alongside Berlin-based venture capital firm rescape, Hamburg’s Auerbach Schifffahrt shipping company is another of Flagship Founders’ strategic partners and a joint shareholder. Auerbach Schifffahrt is also a founding shareholder in Kaiko Systems.
“We’re incredibly proud of our first start-up Kaiko Systems and enthusiastic about the rapid progress as well as the positive reaction of the market. The demand for automated solutions that reduce costs and make life safer and simpler for the crew is higher than ever,” said Fabian Feldhaus, Managing Director and co-founder of Flagship Founders.
