Munich Re Ventures invests in ShipIn Systems
Munich Re Ventures invested in visual fleet management platform ShipIn last month.
Founded in 2018, the Massachusetts-based startup equips ship owners, operators and seafarers with digital tools for “safer and more productive voyages.” ShipIn’s solution connects to on-vessel cameras to deliver real-time visual analytics. The startup claims that its solution delivers a reduction of 40% in incidents while increasing cargo operations efficiency by 8%.
“By partnering with Munich Re Ventures, we are helping to build a safer and more productive future for the maritime industry. The reality is that as ships are getting bigger, crew are getting smaller. ShipIn’s mission is to give seafarers the advanced digital tools required to do their jobs better and fleet managers the experience and benefits of working ‘shoulder-to-shoulder’ with their seaborne teams. We believe every ship will have Visual Fleet Management in the near future.” – Osher Perry, co-founder and CEO of ShipIn Systems.
“ShipIn’s patented platform brings the vision and capability to support the broader digitalization of the marine and cargo shipping industry. We see this trend as an important enabler for marine organizations to make more informed decisions in managing assets at sea. Munich Re Ventures looks forward to collaborating with ShipIn to reduce incidents on a ship, improve overall safety and operations, and ensure effective and timely resolution to on-board incidents.” – Timur Davis, investment principal, Munich Re Ventures.