Fleet management software platform ShipIn Systems has raised US$24 million in a Series A funding round led by Silicon Valley venture capital firm Zeev Ventures, with investors Hyperplane Venture Capital, at.Inc/ and Munich Re Ventures also participating.
With over $2 billion in assets under management, Zeev Ventures has previously invested in companies like Audible, Uber Freight and Houzz, with this investment in ShipIn marking the fund’s first foray into the maritime industry.
“I’m excited to invest in the maritime space for the first time,” said Oren Zeev, Founding Partner at Zeev Ventures.
“With so much pressure on the global supply chain, this industry is changing rapidly and undergoing significant transformation. ShipIn is at the forefront of the maritime technology space, building an operating platform to advance and modernise global shipping fleets.”
Using AI and computer vision technology, ShipIn’s FleetVision platform is used to detect events onboard ships in real-time, alerting crew at sea and teams ashore to safety or security hazards, operational anomalies and machinery concerns. The company aims to use the new capital to scale its operations across the industry and expand the capabilities of its platform.
“We’re thrilled to partner with Zeev Ventures to help maritime shipping become safer and more productive, and to bring data-driven visibility to an industry that had not previously benefited from access to these powerful tools,” said Osher Perry, CEO and Co-Founder of ShipIn Systems.
“For the first time, ship owners, managers and crew can see the same information at the same time and collaborate as if they are working shoulder-to-shoulder, despite being oceans apart.”