Orca AI secures $72.5m investment to scale autonomous shipping solutions

Orca AI has closed an investment of $72.5 million in Series B funding. Brighton Park Capital led the round with participation from existing investors Ankona Capital and Hyperlink Ventures.

The company said the investment would enable Orca AI to further its autonomous platform, add new capabilities and enter new categories, including defense and security.

The completion of this round brings Orca AI’s total funding raised to $111 million with OCV Partners and Mizmaa Ventures also participating in previous rounds.

Founded in 2018 by CEO Yarden Gross and CTO Dor Raviv, the company reportedly has the world’s largest marine visual dataset, built from over 80 million nautical miles.

Powered by AI and computer vision, this dataset forms the foundation for situational awareness capabilities in ocean navigation, helping captains and crew members identify risks and targets that cannot be spotted with the human eye.

"Orca AI is revolutionising the traditionally opaque, conservative shipping industry with AI-powered decision making and autonomous shipping capabilities," said the company.

"By delivering AI-based alerts and recommendations, Orca AI is able to significantly reduce the probability of collisions that have a severe economic and human impact, so crews can focus their attention on the most critical parts of their voyages.