Nautilus Labs, a New York-based maritime technology company, raised $34M in Series B funding.
The round, which brings total raised capital to date to over $48m, was led by M12 with Microsoft Climate Innovation Fund co-investing.
The company intends to use the funds to develop and deploy new product capabilities that support client goals to drive decarbonization while maximizing profits, attract tech talent, and open and expand new offices in key shipping hubs worldwide.
Led by CEO Matt Heider, Nautilus Labs is a maritime technology company that reduces emissions while maximizing commercial returns via its collaborative Voyage Optimization solution. Nautilus leverages machine learning and naval architectural models to offer accurate real-time prediction of voyage outcomes powered by millions of data points and to generate ship-specific recommendations, to reduce fuel waste and emissions while maximizing commercial returns by analyzing IoT data, weather patterns, arrival and departure times, and commercial needs.
The company, which currently has hubs in New York, Singapore, Paris, and London, partners with energy major TotalEnergies, Eastern Pacific Shipping, and Emirates Shipping Line among others.