Quartermaster lands $140 million Series B to expand its SmartMast maritime data system
Quartermaster has raised $140 million in a Series B. TechCrunch reports roughly $100 million came from Insight, Overmatch Ventures and existing backers, with another $40 million as a Stifel debt facility.
TLDR
Quartermaster has raised a $140 million Series B, with TechCrunch reporting the round was preempted by Insight Partners. About $100 million reportedly came from Insight, Overmatch Ventures and existing backers, while the remaining $40 million came through a debt facility from Stifel. The company builds its SmartMast system by mounting cameras and radios on a ship’s mast to capture and relay real-time maritime data. TechCrunch reports that more than 650 vessels in 25 countries now use SmartMast and that Quartermaster has shipped more than 800 units to customers.
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