Greywing reports that it has raised US$2.5 million in new funding as the start-up looks to accelerate the roll-out of its maritime software with a new carbon scoring application, which will offer visibility on the carbon impact of crew changes.
Investors participating in the seed round include Flexport, Transmedia Capital, Signal Ventures, Motion Ventures, Rebel Ventures, Y-Combinator, and Entrepreneur First.
“The factors impacting a maritime voyage have grown in complexity with climate change and COVID-19 being thrown into the mix, and Greywing’s traction is accelerating to match the pace of these evolving challenges. This strategic raise will be critical to supercharge that growth by anchoring our capabilities around what the industry needs most right now,” said Nick Clarke, Chief Executive Officer at Greywing.
The platform uses real-time data to assess the carbon impact of crewing operations before operators make decisions, including parameters unrelated to operations on the vessel, such as flights, deviation of routes and other down-the-line costs in the operating supply chain.
“The maritime industry has entered a new era where data and analytics supercharge actionable digital solutions. Greywing integrates data trapped in commercial, technical and crewing siloes to enable more efficient and sustainable operations for shipping companies. We are excited about the data synergies between our companies,” said Nikolas Pyrgiotis, VP of Technology Ventures for Signal Group.