Spinergie, an AI-based performance optimisation platform, reports that it has raised €11 million in a series A investment round, with the aim of using the new funding to expand into shipping sectors outside of the offshore wind market where the majority of its current customer base operates.
The funding round was led by Iris Capital and Swen Capital’s Blue Ocean fund alongside investors and business angels including Polytechnique Ventures, Sanne Manders, COO of Flexport, Jean-Gabriel Levon, cofounder of Ynsect, and Antoine de Chassy, founder of Loft Orbital.
Maritime Market Intelligence, Spinergie’s first system, is used by vessel managers and charterers to search and select a vessel according to vessel specs, availability, environmental profile and past performance.
In 2021, the company launched Smart Fleet Management, an application package to monitor and optimise maritime operations in various markets, including offshore wind, dredging, and bulk shipping.
The software provides real-time visibility, performance analysis and recommendations such as fuel consumption and emissions by activity mode, operational metrics and time analysis, while also offering functionality to automate regulatory reporting.
“This announcement comes at a critical time for the industry as maritime carbon emissions continue to rise and new regulations will revolutionise the way industry leaders plan their operations,” said Jean Cristofari, Spinergie CEO and Co-Founder.
“We have ambitious goals and are delighted to welcome Iris and Swen as our first investors in Spinergie. They combine technology and maritime environmental expertise to help us bring widescale change in how our industry operates.”
Spinergie says that the new funding will support its ongoing R&D programme, the recruitment of new team members, particularly data scientists and developers, and grow its global client facing team with the opening of new offices in Asia, South America and the Middle East. The firm expects to triple its team size by the end of 2023.