TLDR: Kiwi Sea Crimes Startup Starboard Maritime Intelligence Raises $4.6 Million Seed Funding
A New Zealand data analytics startup, Starboard Maritime Intelligence, using machine learning to detect suspicious activity by vessels at sea has raised a NZ$5 million (A$4.6m) in a Seed round. The round was led by Kiwi VC Altered Capital and supported by other investors.
Key Points:
- Starboard Maritime Intelligence raised NZ$5 million in a Seed round led by Altered Capital.
- The startup uses machine learning to detect suspicious activity by vessels at sea, supporting governments, border security authorities, NGOs, and fisheries inspectors.
Aiming to tackle illegal fishing, transnational crime, prevent biosecurity outbreaks, and protect assets at sea, Starboard’s software uses proprietary algorithms and machine learning models to analyze vessel positions and flag significant maritime activity. The funding will be used to support analysts in the Pacific region and expand their impact in other countries and industry verticals.
Partner at Altered Capital, Craig Mawdsley, highlighted the growing global maritime surveillance market and the importance of operational efficiency and collaboration in addressing maritime security threats and environmental damage.
