ShipIn Systems has transitioned to a Public Benefit Corporation, formally adding a stated mission around maritime safety, wellbeing and operational resilience to the company’s corporate charter.
The transition to ShipIn Systems, PBC was approved unanimously by the company’s Board of Directors. As a PBC, the Board must consider the company’s stated public benefit alongside economic value when making decisions.
ShipIn’s public benefit purpose is to advance safety, wellbeing and operational resilience across the maritime industry through technology intended to protect crew, vessels and cargo.
“We are seafarers building AI tools for seafarers,” said Osher Perry, Founder and CEO of ShipIn Systems, PBC.
“Our mission has always been bigger than building a successful technology company. It is about helping the people who go to sea come home safely, while helping the fleets they operate become safer and more productive. I’m proud that our Board unanimously agreed to bind ShipIn to that mission as we grow. This is who we are, and now it is part of what our company is.”
ShipIn will report annually on its performance against the public benefit purpose.
The change follows a $52 million Series B financing announced in August to support development and global expansion of the company’s operational intelligence platform. ShipIn currently works with more than 90 shipowners across 1,300 vessels and has analysed more than 2.5 billion hours of vessel operations.
