US$24 million secured in funding for cargo ship visibility platform

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ShipIn Systems, a startup describing itself as ‘the world’s first Visual Fleet Management Platform’, today announced that investment from several sources has totalled US$24 million in Series A funding.

ShipIn’s ‘FleetVision’ technology uses AI-powered cameras to provide real-time feedback, allowing onboard crew and onshore teams to track events and respond to issues that may arise as they occur.

Zeev Ventures is one of the firms that has invested during this round of funding. Oren Zeev, Founding Partner of the fund, is excited about the investment, saying: “ShipIn is at the forefront of the maritime technology space, building an operating platform to advance and modernise global shipping fleets.”

ShipIn intends to use the funding to significantly scale the business across the industry and expand the capabilities of its visual analytics platform.

Osher Perry, Chief Executive and Co-Founder of ShipIn Systems, explains that the aim of the platform is to “help maritime shipping become safer and more productive, and to bring data-driven visibility to an industry that had not previously benefited from access to these powerful tools.”

A report by the company claims that the implementation of its system to one of its customers’ fleet could save an estimated USD$400,000 per vessel each year.

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