Maritime high-frequency data startup eyeGauge has announced that it has raised €535,000 in funding following a seed round led by French investors including Mer Angels, Paris Business Angels and BAdGE.
Created in February 2020, eyeGauge has developed a data collection system for vessels without direct digital access to equipment and machinery, which links to its Unified Fleet Data Platform for optimisation of fleet performance,
Incubated and accelerated at ZEBOX in Marseille and Le Village by CA in Paris, France, eyeGauge currently has maritime clients in Singapore and Europe.
The new investment, which will also be supplemented by public funding, will be allocated to reinforce R&D, expand the go-to-market team, and further enhance the data collection system, the company said.
“Paris Business Angels (PBA) is delighted to support eyeGauge alongside BAdGE and Mer Angels,” added Antoine Serceau, investor member of PBA.
“The project will make a major contribution to the decarbonisation of the maritime sector, by enabling ship performance to be measured and shared through the non-invasive digitisation of existing measuring equipment. This will help to improve ship performance, detect anomalies and thus prolong the life of vessels.”
