Saildrone secures $60m funding to enhance European maritime security

Saildrone has announced the completion of a $60m backing circular led by the Export and Investment Fund of Denmark (EIFO).

Other contributors to this backing circular see existing investors Lux Capital, Washington Harbor Partners, Crowley, and Academy Securities, arsenic good arsenic caller capitalist Pinegrove.

Saildrone's unmanned aboveground vehicles employment precocious sensors and proprietary AI algorithms to supply broad insights into the maritime environment, some supra and beneath the water's surface.

The archetypal deployment of 4 Saildrone Voyagers is scheduled for June 2025 successful the Baltic Sea, nether a declaration with the Danish Armed Forces.Saildrone's unmanned aboveground vehicles employment precocious sensors and proprietary AI algorithms to supply broad insights into the maritime environment, some supra and beneath the water's surface.

The archetypal deployment of 4 Saildrone Voyagers is scheduled for June 2025 successful the Baltic Sea, nether a declaration with the Danish Armed Forces.

The backing volition facilitate the instauration of Saildrone's exertion successful Europe, aiming to heighten maritime information for captious infrastructure and assorted defence applications.

The Baltic Sea, North Sea, and European Arctic regions are presently experiencing important threats, highlighting the expanding request for continuous maritime domain awareness, according to the company.

EIFO CEO Peder Lundquist said: “We are thrilled to put successful Saildrone and that Denmark has been chosen arsenic the centre for Saildrone’s European activities.

“Saildrone is simply a starring institution successful a rapidly increasing market, and gaining entree to this exertion tin go captious for some Denmark’s and Europe’s security.”

Saildrone laminitis and CEO Richard Jenkins said: “Denmark’s unsocial geographic and governmental presumption astatine the bosom of bluish Europe makes it the cleanable spot to found our European office and operational hub.

“Working initially with the Danish Armed Forces, we program to rotation retired Saildrone’s maritime quality services to aggregate NATO countries during the people of the year.”

In March this year, Saildrone formed a strategical alliance with Palantir Technologies to rapidly beforehand autonomous systems for maritime AI solutions.

This concern addresses the limitations of accepted naval platforms and the increasing planetary threats, amid a shipbuilding capableness bottleneck.

"Saildrone secures $60m backing to heighten European maritime security" was primitively created and published by Ship Technology, a GlobalData owned brand.

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