a year ago

Orca AI Raises $23 Million for Autonomous Ship Navigation

  • Orca AI, a London-based startup specializing in autonomous navigation for ships, has secured $23 million in funding led by OCV Partners and MizMaa Ventures

  • This brings the company's total funding to nearly $40 million

  • The investment will be used for scaling, expansion, and developing new products

  • Orca AI's technology processes visual information during navigation, keeping ships on course and reducing workload for crews

  • The company claims its system can reduce close encounters and crossing events, save fuel, and reduce CO2 emissions

  • Orca AI works with major shipping companies like MSC, NYK, Maersk, and Seaspan.

      • ProblemTransportation

      "Navigating cargo ships is expensive, requires high labor, and poses safety and environmental risks."

      Solution

      "Orca AI offers an AI-powered platform for cargo ships that optimizes navigation, reduces fuel consumption and emissions, and improves safety by reducing collisions."

      Covered on