Allied Research predicts the autonomous maritime industry could be worth $130 billion within a decade. Funding is pouring into the industry with more evidence coming in that autonomous ships both reduce emissions and promise fewer accidents.
Sea Machines manufactures a number of vessel intelligence systems that provide “operator-in-the loop” autonomous command and control. The approach pushes the edge of autonomy while guaranteeing safety for clients’ precious human and economic capital.
Already being used in a variety of use-cases from large cargo vessels to oil-spill response, the startup is determined to only drive more applications of its autonomous steering software as well as introduce new robotics and object-recognition products for the industry.
While giants like IBM and Rolls-Royce can weather the sometimes drawn-out gaps between capital investments and revenues, Sea Machines is a significantly smaller enterprise. However, despite its relative ‘youth’, the startup has demonstrated product-market fit better than most, and its leadership hopes that it will continue to time the introduction of its cutting-edge services perfectly. 2024 funding is being used to hone its technology and expand its market share.
Freddie
Company Specialist at Welcome to the Jungle
