Kaiko Systems, a pioneer in AI-driven frontline intelligence for the maritime sector, has recently secured €6 million in Series A funding. The investment round was led by Hi inov and Flashpoint Venture Growth, with continued participation from Motion Ventures. This brings the total external financing for the company to €9 million, including a seed round in 2022.
The newly acquired funds will facilitate Kaiko Systems’ expansion into additional markets and enhance its product development, particularly in the realm of AI capabilities. This growth is essential for reinforcing safety, compliance, and efficiency in asset-heavy industries, especially given the increasing geopolitical tensions and supply chain disruptions that have revealed vulnerabilities in maritime logistics. Kaiko Systems’ mobile-first platform addresses significant operational challenges by allowing shipping companies to streamline safety inspections, optimize maintenance workflows, and mitigate compliance risks through AI-powered data analysis.
Notable maritime operators such as OSM Thome, Reederei F. Laeisz, TMS Cardiff Gas, and Columbia Shipmanagement are already leveraging Kaiko Systems to improve fleet-wide technical operations. Co-Founder and CEO Fabian Fussek highlighted the urgent need for modernization in the maritime industry amid global uncertainties. He noted that the funding will bolster their AI capabilities, support geographic expansion, and provide technical teams with tools for safer and more efficient operations.
Kaiko Systems automates the labor-intensive task of analyzing large volumes of asset health data, crew performance, and operational risks. Leveraging AI to scrutinize inspection photos and crew reports, the platform identifies anomalies, promotes proactive maintenance, and minimizes downtime. The insights derived help shipping companies enhance operational efficiency, cut costs, and ensure compliance, ultimately averting unplanned downtimes that could exceed $50,000 a day per vessel.
The company is not only solidifying its presence in maritime operations but is also exploring potential applications in regulated industries such as offshore energy and industrial inspections. With a diverse team of 30 experts based in Berlin, London, and soon in Singapore, Kaiko Systems is poised to drive significant change through real-time data-driven decision-making in safety and compliance.