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DeepSea Technologies has secured EUR 5 million in fresh funding from existing and new investors to further pursue technological and product research, design, and development around shipping’s digitalisation and decarbonisation.

Toronto-based Kepler Communications has raised USD 60M in Series B funding to help it scale up its on-orbit satellite communications network.

Autonomous marine navigation start-up Orca AI has raised $13 million in Series A funding, taking its total raised to over $15.5 million to support the company’s investment in technology, international expansion and growth.  

Motion Ventures, the consortium-driven investment fund powered by Rainmaking, has launched today with a S$30M target. Wilhelmsen and HHLA have been confirmed as anchor investors to accelerate start-ups solving maritime value chain hurdles with strategic capital and support.

Innovation Norway has provided support for Greek software provider Ulysses Systems Hellas and Norway’s software-as-a-service (SaaS) solutions provider VesselMan to develop an integrated Planned Maintenance System and project management tool for technical projects. The joint project is part of the Greece Business Innovation program.

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A virtual environment based on a digital twin of a crude oil tanker developed by Kanda to simulate a Lock Out Tag Out safety procedure. Image courtesy of Kanda. 

The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), have announced that 12 start-ups from Port Innovation Ecosystem Reimagined @ BLOCK71 (PIER71)’s Smart Port Challenge (SPC) 2019 have each been awarded S$50,000 in grant funding from MPA. The funding will enable the start-ups to conduct prototype development and test-bed their near market-ready solutions.

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From left to right: David Baker, Mercia, with Daniel Ng and Ken Woghiren, CyberOwl.

Cybersecurity start-up CyberOwl has secured £1.8 million in funding to help develop its cybersecurity solution for the shipping and maritime industries.

A new Norwegian project that will see KONGSBERG Group install and test autonomous technology on two vessels in different operational environments has received almost EUR 20.1 million, equivalent to NOK 200 million, in EU funding.

Voyager has completed a $1.5 million seed funding round co-led by ATX Venture Partners, Blue Bear Capital, GreenHawk Capital, and Phaze Ventures to expand the Software-as-a-Service (SaaS) network’s offerings, further acquire and expand its customer base, and grow its engineering, development, marketing and sales teams.

Marseille-based company Traxens has closed a Series C funding round worth close to EUR 20 million ($22.7M), with the purpose of launching a global large-scale sea-land fleet of IoT tracking solutions on vessels operated by its partner shipping companies, including CMA CGM and MSC.

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