Washington, DC
Joined July 2020
Neil Sobin retweeted
Just four months since we co-led their Series A, @quartermasterai has grown its coverage by 77% and raised a preemptive $100M Series B from @insightpartners. Even for a software company, this pace would be very impressive, but @SobinNeil is doing it with hardware, out at sea, in incredibly volatile geopolitical conditions. Neil started Quartermaster with a simple premise: the only sensing network that can actually scale to the ocean is the one that's already on the ocean. This team is moving quickly, putting their SmartMast product on 650 working vessels from 25 countries. It very cleverly combines HD video, AI, radar, RF sensing, and AIS to turn working vessels already on the water into a live sensor network for the ocean’s surface. This increased visibility helps mariners of all types navigate congested waters and busy ports, avoid potential hazards, and call for help in an emergency. It also comes with tremendous built-in network effects that only become more valuable as they scale up. Neil has gone unreasonably deep on how all these different pieces of the business fit together, and we are so fortunate to be his partner here @firstround.
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On July 2, our first #SmartMast unit successfully transited the Strait of Hormuz. Proof that our real-time maritime awareness coverage is ready and equipped for the most demanding theaters of global shipping.
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The ocean carries 80% of global trade and covers 71% of the planet, yet it remains one of the least instrumented environments on Earth. Today we're announcing that Quartermaster has raised $43M in Series A funding, co-led by @firstround and @QuietCapital to close that gap.
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Along the way, our network has helped assist in more than 20 rescues of mariners at sea. Thank you again to our investors TMV Logistics, @BoxGroup, @SteelAtlasVC, Operator Partners, Shorewind Capital, and @david_adelman.
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And special thanks to the Quartermaster team, our customers, and fleet partners who were instrumental in us getting this far. If you want to learn more about Quartermaster and how we’re filling the data gap in the ocean, I sat down with TechCrunch to chat about our raise.
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#TB Hivemapper efforts in the Philippines were essential to our learning and product development 🇵🇭 Grateful to all testers and early Hivemapper adopters 🙏 Manila, Philippines (Case Study)📍 ✅ 95% Hivemapper coverage ✅ 180,000 km mapped ✅ 75% monthly refresh rate
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