ioCurrents, a Seattle, WA-based maritime data analytics company, extended its recent Series A financing round with an investment from Imagen Capital Partners, LP.
The financing will provide funding for:
– R&D roadmap,
– expansion of its sales and marketing efforts,
– general corporate purposes, and
– development of incremental product offerings in support of complementary vertical markets servicing the maritime industry.
Launched in 2015 and led by Cosmo King, Chief Executive Officer and co-founder, ioCurrents is a maritime data analytics company that has developed a machine learning-based analytics platform, MarineInsight™, which aggregates diverse data sets into actionable insights for the maritime industry.
Using a combination of edge and cloud-based computing, MarineInsight™ provides operators and fleet managers with descriptive, predictive, and efficiency analytics of engines, generators, and other vessel assets.