ShipIn Systems Announces $52 Million Financing to Power the Connected Ship

ShipIn Systems, an AI-powered vessel operating system provider, has secured $52 million in financing to further propel its mission of bringing operational data together into a single intelligence platform. The investment round attracted Proofpoint Capital, HighSage Ventures, Bling Ventures, Framework Venture Partners and Tokio Marine Future Fund as new backers, in addition to existing backers like Zeev Ventures, Munich Re, Atinc and Hyperplane Ventures.

Matt Wallach, Co-founder of Proofpoint Capital and Co-founder of Veeva Systems, will join ShipIn’s Board of Directors alongside continued support from current investors.

The financing is set to bolster ShipIn’s global expansion, enhance its AI capabilities, expand product development, and fortify strategic partnerships in the maritime sector. This capital infusion will also strengthen ShipIn’s intellectual property portfolio.

Osher Perry, Founder and CEO of ShipIn Systems, remarked on the growing relevance of AI in commercial shipping, stating that the company aims to convert every voyage into a continuous learning cycle, which ultimately results in safer, smarter and more efficient fleets.

Matt Wallach, echoing this sentiment, compared the current transformation in the shipping industry to a similar evolution in the life sciences industry. He believes that ShipIn has the potential to become a foundational infrastructure for the maritime industry.

Masaru Kusutani, Managing Executive Officer at Tokio Marine Holdings, highlighted the importance of preventing incidents before they occur in marine insurance. He affirmed that ShipIn’s operational visibility enables earlier risk identification, safer operations, and stronger fleet performance.

The commercial shipping industry is on the brink of a new era, where vessels continuously learn from every operation, leading to greater intelligence and empowering those responsible for moving over 90% of global trade. ShipIn is constructing the platform that will make this future a reality.