SEDNA adds $34m in new funding

Centralised team communications platform SEDNA, used by maritime companies including Western Bulk and Wallem, has completed a Series B fundraising round, raising $34 million to continue the company’s development and expansion.

The new funding, which follows on from a $10 million Series A round at the end of 2020, will allow SEDNA to expand its investment in the global supply chain space while also increasing value in new verticals, the firm said.

Backed by venture capital and private equity firm Insight Partners, with the participation of Series A investors Stride.VC, Chalfen Ventures and the SAP.iO fund, the Series B financing will enable SEDNA to develop its product, data science, and go-to market functions.

“Uncoordinated digitisation has made business noisier. Email is broken, chats are a mess, and getting work done is hard,” said Bill Dobie, CEO of SEDNA.

“SEDNA’s single digital workspace makes business communication flow. Our intelligent and collaborative email stream breaks down silos so our customers work faster. We’re excited to work with Insight, a true scale partner that understands how our platform will deliver enormous value to customers in this complex world.”

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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