Victoria-based MarineLabs has raised $4 million in a seed extension round led by BDC Capital’s Sustainability Venture Fund, with participation from InBC Investment Corp. The maritime weather intelligence company operates a network of rugged, cloud-connected sensors across North America that provide real-time data on wind, waves, and weather.
The new funding will expand MarineLabs’ sensor network and accelerate growth across the continent. CEO Dr. Scott Beatty said the firm’s technology improves maritime safety and efficiency. MarineLabs’ flagship platform, CoastAware, delivers AI-driven forecasts and analytics used by major ports, pilots, and terminals to enhance coastal operations and resilience.
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