The autonomous navigation market, projected to surpass $11 billion by 2028, is rapidly attracting investment, exemplified by Orca AI's recent $72.5 million Series B funding led by Brighton Park Capital. Founded in 2018, Orca AI specializes in AI-driven navigation solutions to enhance maritime safety, reducing collision risks and optimizing crew focus. Their growth is bolstered by Starlink technology, facilitating real-time data transmission for effective route mapping. Orca AI is also targeting defense contracts, having signed its first agreement with a navy ship, indicating a strategic expansion beyond commercial applications.
The main business still is in the commercial sector. We already have collaborations and POCs, but we see opportunities in defense coming from navies around the world around autonomy.
Starlink enables us to collect data at scale directly from the ship sensor. We see that as a huge opportunity.
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