Quartermaster secures $140 million to expand its ship-mounted maritime sensor network
TechCrunch reports that the Series B financing includes about $100 million from investors and a $40 million debt facility. Quartermaster’s SmartMast uses cameras and radios to capture and relay real-time maritime data.
TLDR
TechCrunch reports that Quartermaster secured $140 million in Series B financing for its maritime data network, including a $40 million debt facility. Its SmartMast system mounts cameras and radios on ships. Founder and CEO Neil Sobin told TechCrunch that more than 650 vessels in 25 countries are equipped with it, and the company has shipped over 800 units to customers.
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