The startup’s total investment reached approximately 40 million dollars.
Orca AI, a provider of autonomous technology for maritime navigation, has raised $23 million in investment led by OCV Partners and MizMaa Ventures. The investment round, between Series A and Series B, brings the startup’s total investment to nearly $40 million.
The startup will use the investment for scaling and expansion. In this context, the focus will be on creating new products by utilizing the data the platform receives from customers. Expansion of the engineering team is also in the plans.
Orca AI, founded by Yarden Gross and Dor Raviv, keeps the ship on course by processing multiple sources of visual information while navigating at sea. This allows the ship’s crew to spend time detecting factors such as drone attacks and piracy. The startup offers two different solutions, Seapod and Fleetwood.
According to the information shared by the initiative; Orca can reduce close encounters in open waters by 33 percent and transit incidents by 40 percent over 15 million nautical miles. In addition, the system reduces fuel consumption by 3 percent to 5 percent. Thus, fuel savings of 100 thousand to 300 thousand dollars per ship per year can be achieved.
Orca AI works with global shipping companies such as MSC, NYK, Maersk and Seaspan. According to Yarden Gross, all the data of Orca’s platform is uploaded to the cloud. In addition, the startup provides monitoring tools and capabilities for fleet managers. Thus, companies will be able to manage the entire fleet instead of a single ship. In this sense, Orca’s platform can be described as an operational platform for a semi-autonomous fleet.
