Sinay raises €5m in new funding

French maritime tech company Sinay has announced the closing of a new €5 million funding round, including investors from Europe, Singapore, Hong Kong and the US.

Led by Seventure Partners’ Blue Forward Fund of France, in collaboration with Shift4Good, Alpana Ventures, Normandie Littoral, Motion Ventures, Sustainable Ocean Alliance and Betatron, the funds will be used to accelerate the internationalisation of the company and to support further growth of its products.

“This is a tremendous achievement for Sinay,” said Yanis Souami, CEO and Founder of the company.

“Today more than ever, there is a dual need to make the maritime industries including shipping and offshore energies more efficient and competitive but at the same time preserving the ocean and the biodiversity.”

“Since its beginning, Sinay has always been proactive in accelerating the use of maritime data. Now, thanks to our proprietary AI algorithms, we can really drive the operational efficiency and protect the biodiversity.”

The Sinay Hub software platform gathers and analyses some 350TB of worldwide maritime-related data with Artificial Intelligence to provide environmental and logistics predictions for maritime use cases. Clients include the European Space Agency and shipping firms such as CMA CGM and Wallenius Wilhelmsen.

“Maritime activities are growing considerably – with offshore wind at the forefront – generating and requiring increasing amounts of data to inform better decision-making,” said Isabelle de Cremoux, CEO and Managing Partner of Seventure Partners.

“As a pioneer in maritime tech at the leading edge on biodiversity, we believe Sinay is ideally positioned to ensure these developments are articulated and respectful of our oceans. The Blue Forward Fund’s team is delighted to support Sinay’s management in strengthening its offer and enhancing its growth.”

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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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