#None #London #Maritime Technology #Orca AI #Brighton Park

Orca AI Secures Major Investment for Autonomous Shipping

Orca AI, a trailblazer in maritime technology, recently announced a significant milestone by securing $72.5 million in Series B funding, led by Brighton Park Capital. This strategic investment is set to amplify the company’s efforts in refining its autonomous shipping solutions and expanding its operational capacities across various sectors, including defense and security. With this infusion of capital, Orca AI's total funding has now reached $111 million, a testament to the growing confidence investors have in the company’s vision for the future of shipping.

Founded in 2018 by Yarden Gross (CEO) and Dor Raviv (CTO), Orca AI is revolutionizing an industry traditionally regarded as stagnant and opaque. The company's innovations leverage AI-driven methodologies to enhance decision-making processes for maritime navigation, combining the power of AI and computer vision with an extensive marine visual dataset built from over 80 million nautical miles of travel.

This dataset serves as the backbone of their cutting-edge technology, providing unparalleled situational awareness to ship crews and significantly minimizing hazards during voyages. The framework enables Orca AI to deliver timely alerts and intelligent recommendations, effectively reducing the risk of collisions and improving overall voyage safety. In fact, a recent analysis of their alert system showed a striking 54% decrease in near-miss incidents, leading to substantial financial savings in fuel costs—approximately $100,000 per vessel annually, collectively preventing an estimated 195,000 tons of CO2 emissions in just one year.

“At Orca AI, our mission is to redefine maritime operations through advanced AI technologies, creating smarter and safer vessels,” stated Yarden Gross. He emphasized how the evolution of cloud connectivity over the last two years has allowed for richer data gathering, which unlocks transformative potential for the shipping sector. As various vessels become more integrated with cloud resources, Orca AI is capitalizing on this trend to push for greater automation and intelligence in maritime navigation.

Brighton Park Capital, as a supporter of founder-led companies focused on revolutionary technology, recognized Orca AI’s potential in ushering a new age of maritime operations. Graham Kentor, a partner at Brighton Park, noted the importance of harnessing frontier technology to solve intricate challenges within the shipping industry while creating substantial positive impacts.

The significant advancements offered by Orca AI aren’t merely theoretical; they are actively being utilized by prominent shipping firms worldwide such as MSC, NYK, Scorpio, and Seaspan. Through its solutions, Orca AI helps mitigate the risks associated with maritime incidents, potentially saving the industry billions of dollars in damages annually.

Additionally, the inclusion of satellite technologies like Starlink enhances connectivity in remote ocean locales, permitting real-time data transfer that aids in precise route mapping, traffic monitoring, and information sharing. This real-time capability is pivotal for developing autonomous navigation systems, allowing for an unprecedented level of monitoring and operational control.

For those interested in the future of maritime operations and the role of AI in enhancing efficiency and safety, Orca AI offers a glimpse into what could very well shape the industry's next generation. Their ongoing commitment to innovation positions them as a leader in autonomous maritime technology, with the potential to set new standards in operational capability.

To learn more about their cutting-edge solutions, visit their website at Orca AI.

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About Orca AI

Orca AI stands at the forefront of maritime operations, employing artificial intelligence and computer vision to drive transformative change within a historically complex shipping industry. With their groundbreaking platform, shipping companies can enhance operational efficiency while ensuring the safety of vessels traversing both congested and low-visibility waters. Their approach enables rapid, data-driven decision-making and superior insights into fleet performance, making a case for bringing autonomous mobility to the marine sector.

About Brighton Park Capital

Brighton Park Capital is an investment firm based in New York, committed to empowering entrepreneur-led growth-stage ventures. They focus on software, healthcare, and tech-enabled services businesses, striving to provide innovative solutions in synergy with capable management teams.