Maritime intelligence startup Quartermaster raises another $140M
The tech enables real-time awareness for what Quartermaster calls the “largest blind spot on Earth.”
Arlington-based maritime intelligence startup Quartermaster has secured an additional $140 million in funding to develop a network of weather-hardened sensors for capturing real-time maritime data. Founder and CEO Neil Sobin attributes the success of the round to the ongoing war in Iran and the resulting shipping chaos, which has heightened interest in the company's technology.
Insight Partners led the Series B round, with investors including defense-focused firm Overmatch Ventures and existing backers First Round Capital. The company's "SmartMast" hardware, consisting of cameras and radios mounted on ships, captures and relays real-time data, offering insights beyond traditional Automatic Identification System (AIS) data.
Quartermaster has equipped over 650 vessels in 25 countries, with plans to deploy the SmartMast system to entire fleets. The startup is focused on addressing the "largest blind spot on Earth" by providing valuable information for collision avoidance, congestion management, and marine rescue efforts.
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