Ocean surveillance startup Quartermaster raises another $140M
The tech enables real-time awareness for what Quartermaster calls the “largest blind spot on Earth.”
Arlington-based ocean surveillance startup Quartermaster has raised an additional $140 million in its Series B funding round. The company, founded by Neil Sobin, uses weather-hardened sensors to capture real-time maritime data, providing insights for governments, shipping companies, and insurance providers. The $140 million round was led by Insight Partners and Overmatch Ventures, with existing backers First Round Capital also participating.
The funding comes as the shipping industry faces chaos due to the war in Iran, which has increased the urgency for reliable maritime data. Quartermaster's hardware, called SmartMast, integrates cameras and radios onto a ship's mast to capture and relay real-time data. This data can help prevent collisions, optimize shipping lanes, and aid in rescuing mariners.
To date, over 650 vessels across 25 countries have equipped SmartMast, with the startup shipping over 800 units. Quartermaster is expanding its manufacturing capacity and refining its hardware to meet growing demand.
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