ALPANA Ventures

Sinay raises 5 M€ to help maritime corporations reconcile business efficiency with ocean biodiversity

At the Singapore Maritime Week in the presence of the French Ambassador in Singapore, Sinay, a maritime tech company announces the successful closing of a 5M€ round. This new international round includes investors from Europe, Singapore, Hong-Kong and the USA. Led by Seventure Partners’ Blue Forward Fund (France), in collaboration with Shift4Good (France and Singapore), Alpana Ventures (Switzerland), Normandie Littoral (France), Motion Ventures (Singapore), Sustainable Ocean Alliance (USA) and Betatron (Hong-Kong), the funds will be used to accelerate the internationalization of the company and to allow the fast-growth of the products.

“This is a tremendous achievement for Sinay. Today more than ever, there is a dual need to make the maritime industries including shipping and offshore energies more efficient and competitive but at the same time preserving the ocean and the biodiversity. Since its beginning, Sinay has always been proactive in accelerating the use of maritime data. Now, thanks to our proprietary AI algorithms we can really drive the operational efficiency and protect the biodiversity.” says Yanis SOUAMI, CEO and Founder of Sinay.

“Since our first investment in 2019, Sinay reached the next level. This financial round is a great achievement and market validation. Thanks to its customer-centric approach, the combination of field maritime expertise and its proprietary AI and Big data solution, Sinay is resolving the challenges faced by the maritime industry while bringing outstanding value to its customers and preserving the environment,” said Nathalie Chemtob, Co-founder & Partner.

Find out the full press release here.