TechnologyEight Knot raises ¥450 million for autonomous ship navigation
The Series A first close will fund product development, mass-production work and expansion into North America and Southeast Asia.
TLDR
Osaka-based Eight Knot has raised ¥450 million in the first close of its Series A round. The company says the money will accelerate commercialization and mass-production work for Eight Knot AI CAPTAIN, an autonomous-navigation system that can be retrofitted to ships, as well as modular functions for route generation, obstacle recognition and vessel control. Itochu Technology Ventures and Nissei Capital co-led the round. Eight Knot also plans to expand business development in North America and Southeast Asia and hire more engineering and commercial staff.
Eight Knot raises ¥450 million for autonomous ship navigation
The Series A first close will fund product development, mass-production work and expansion into North America and Southeast Asia.
TLDR
Osaka-based Eight Knot has raised ¥450 million in the first close of its Series A round. The company says the money will accelerate commercialization and mass-production work for Eight Knot AI CAPTAIN, an autonomous-navigation system that can be retrofitted to ships, as well as modular functions for route generation, obstacle recognition and vessel control. Itochu Technology Ventures and Nissei Capital co-led the round. Eight Knot also plans to expand business development in North America and Southeast Asia and hire more engineering and commercial staff.
