Nabtesco takes controlling stake in DeepSea Technologies

Japan-based automation multinational Nabtesco has made a further investment in in Greece-headquartered AI optimisation company DeepSea Technologies to become the company’s primary shareholder, having initially invested in the firm in 2021 as the leader of a €5 million funding round.

This decision is part of a wider strategic move by Nabtesco to support the development of autonomous vessels and other AI applications in its business sectors.

DeepSea will join Nabtesco Marine Control Systems Company in initially developing tools for semi-autonomous shipping, while also pursuing AI-focused research and development covering Nabtesco’s activities beyond maritime, including wind turbines, rail and aviation automation and industrial robotics.

DeepSea’s existing maritime software platforms, Cassandra and Pythia, will continue to be supported and developed, to assist shipping companies in decreasing fuel consumption and emissions by optimising vessels and voyages.

“DeepSea’s expertise and team of AI specialists are now well-known in the shipping industry, and are driving a radical improvement to vessel efficiency for their customers,” said Yukihiro Mizutani, President, Marine Control Systems Company, Executive Officer of Nabtesco.

“We have been very impressed with their commercial traction and calibre of research since we first invested in the company. Joining forces will enable us to progress even faster towards an exciting future of automation, both within maritime and beyond.”

“We’re excited to announce this news and look forward to driving even greater value for our clients, within each of our market areas, through enhanced innovation and R&D.”

DeepSea has approximately 70 specialised engineers, mainly in the fields of Artificial Intelligence and software development, and the business will continue to operate as an autonomous company managed by the two original founders, with Dr Konstantinos Kyriakopoulos as CEO and Roberto Coustas as President and head of market development.

“The deepening of our existing partnership with Nabtesco unlocks even greater potential for our technology and approach, and will be key to unlocking the next wave of innovation for our customers,” said Dr Kyriakopoulos.

“It’s truly the best of both worlds: DeepSea will maintain its startup culture and focus on disruptive technology, whilst harnessing all the expertise and support of a global powerhouse.”

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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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