Deep Sea Technologies raises EUR5 million for product development and market expansion
DeepSea Technologies, the leading maritime technology specialist in vessel performance monitoring and optimization, has secured €5 million in fresh funding from existing and new investors. The investment reinforces DeepSea’s strong financial position and will enable further technological and product research, design, and development. The fresh funding will also be invested in accelerating the company’s international commercial expansion, which will focus on Asian markets.
Funding was provided by Nabtesco Technology Ventures and Signal Group accompanied with existing investor ETF Partners. In parallel with the investment, DeepSea Technologies will begin commercial and research collaboration with Nabtesco, the Japanese leader in shipping automation with a solid 40% market share.
Read more at DeepSea Technologies newsfeed.