MarineLabs, a Victoria-based maritime weather intelligence technology firm, has secured a record $4.5 million seed funding, the largest for a Canadian ocean tech company. This investment, led by BDC Capital’s Sustainability Venture Fund with participation from Seaspan Shipyards, will boost MarineLabs’ growth, particularly its flagship product, CoastAware.
This innovative real-time weather intelligence solution offers detailed weather data, enhancing maritime safety, efficiency, and sustainability. The funding signifies confidence in MarineLabs’ vision and its potential to transform maritime operations globally. Seaspan’s involvement reflects their commitment to fostering a long-term marine industry in Canada. This investment marks a significant milestone in MarineLabs’ journey to revolutionize the maritime sector.
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