ShipIn Systems Announces Series A Funding with Zeev Ventures, Raising $24 Million
ShipIn Systems, the world’s first Visual Fleet Management Platform, today announced Series A funding led by Zeev Ventures, a leading Silicon Valley venture capital firm. Investors at.inc/, Hyperplane, and Munich Re Ventures also participated, bringing the total funding to $24 million.
With this investment, ShipIn will focus on significantly scaling across the industry, and expand its visual analytics platform capabilities. Using AI and computer vision technology, ShipIn’s FleetVision™ platform detects events onboard ships in real-time, alerting crew at sea and teams ashore to safety or security hazards, operational anomalies, machinery concerns, and more. A recent study with one of its customers highlighted a 40% reduction in losses onboard cargo ships, while increasing cargo operations productivity by 8%.