MarineLabs
Assembly Line
MarineLabs Raises Largest Seed Round in Canadian Ocean Technology History
MarineLabs, a leader in cutting edge maritime weather intelligence technology, proudly announces the successful completion of a historic $4.5 million seed funding round, marking the largest investment of its kind in Canadian history for an ocean tech company, which will directly benefit Canada’s marine industry. The funding was led by BDC Capital’s Sustainability Venture Fund with participation from Seaspan Shipyards, a leader in Canada’s ship design, engineering, building and ship repair industry.
This substantial investment will propel MarineLabs’ forward as it continues to revolutionize the maritime industry with its flagship product, CoastAware. CoastAware is a real-time weather intelligence solution that enhances safety, efficiency, and sustainability in maritime operations by providing users with detailed, actionable, real-time, and historical weather conditions data for informed decision-making.