News Summary

Orca AI, a London-based company specializing in AI-powered autonomous navigation for ships, has secured $72.5 million in Series B funding, bringing its total funding to over $111 million. The funding round was led by Brighton Park Capital, with participation from Ankona Capital and Hyperlink Ventures. Founded in 2018 by CEO Yarden Gross and CTO Dor Raviv, Orca AI utilizes a marine visual dataset of over 80 million nautical miles to enhance navigation and reduce collisions, ultimately leading to significant fuel savings. The company is expanding into the defense sector, having signed its first contract for deployment on a navy ship. Orca AI’s growth is further supported by Starlink, which facilitates real-time data transmission for route mapping and traffic monitoring. The company’s alert system has demonstrated a 54% reduction in close encounters, saving an average of $100,000 in fuel per vessel annually. Orca AI’s technology is trusted by major global shipping companies, including MSC, NYK, Scorpio, and Seaspan.