Kaiko Systems Raises €6M to Bolster Maritime Intelligence

Kaiko Systems, a pioneering company in AI-driven frontline intelligence for the maritime sector, has announced a successful €6 million Series A funding round. The round was spearheaded by Hi Inov and Flashpoint Venture Growth, with ongoing support from Motion Ventures. This recent investment brings Kaiko Systems' total external funding to €9 million, after accounting for a previous seed round in 2022. The company plans to use the new funds to advance their AI capabilities, expand into new markets, and strengthen their role in enhancing safety and efficiency within asset-heavy industries. The maritime industry has been grappling with modernization pressures, exacerbated by recent geopolitical issues and supply chain disruptions. These challenges have highlighted the need for real-time operational intelligence and predictive maintenance to maintain continuity. Kaiko Systems' mobile-first platform seeks to address these needs by facilitating more efficient safety inspections and maintenance workflows, reducing compliance risks. Prominent maritime operators already relying on Kaiko's platform include OSM Thome, Reederei F. Laeisz, TMS Cardiff Gas, and Columbia Shipmanagement. Co-Founder & CEO Fabian Fussek emphasizes the significance of this funding in empowering Kaiko to expand geographically and enhance their AI capabilities. The company is also exploring applications in sectors like offshore energy and infrastructure maintenance. The global team of 30 experts is based in Berlin, London, and soon Singapore. Partners from Hi Inov and Flashpoint Venture Growth commend Kaiko's innovative approach and its potential for significant impact in digitizing the maritime and other asset-heavy industries.