Sofar Ocean Technologies
Latest round
- Series B
Last raised
- Oct 2021
Total raised
- $46M
Investors
- 5
About Sofar Ocean Technologies
Sofar Ocean Technologies, Inc.Founded in 2016 in San Francisco, US, Sofar Ocean specializes in marine weather intelligence. The founder's history includes previous ventures, although specific details are not disclosed.Sofar Ocean specializes in advanced marine weather intelligence solutions, primarily through its core products: the Wayfinder platform and the Spotter sensor network. Wayfinder is a voyage optimization platform that utilizes high-accuracy ocean weather forecasts to enhance maritime shipping efficiency by reducing fuel consumption and emissions. The Spotter platform comprises a global network of ocean sensing devices that provide real-time observations of ocean variables, such as wave conditions and sea surface temperatures, facilitating marine research and commercial applications. These products serve a diverse client base, including shipping companies like Eagle Bulk and Star Bulk, which leverage this technology to optimize fleet operations, improve safety, and minimize environmental impact.Sofar Ocean generates revenue primarily through subscription-based models and partnerships with commercial shipping firms and research institutions. Clients typically engage with the company to access its Wayfinder and Spotter services, incorporating these solutions into their operations for enhanced data-driven decision-making. Revenue transactions are structured around annual or monthly subscription fees that grant users access to real-time ocean data and analytics. The pricing structure aligns with the scale of deployment, where larger fleets or organizations may incur higher fees due to the extensive data usage and additional services offered.In September 2023, Sofar Ocean Technologies, Inc. The company aims to launch new products designed to further enhance its marine intelligence capabilities, with specific details on release dates yet to be announced. Additionally, Sofar Ocean plans to enter new geographical markets, although specific regions targeted for expansion remain undisclosed.
Who invested in Sofar Ocean Technologies
5 investors across 2 rounds
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Questions about Sofar Ocean Technologies
Who invested in Sofar Ocean Technologies?
Sofar Ocean Technologies has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Sofar Ocean Technologies raised?
Sofar Ocean Technologies has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Sofar Ocean Technologies last raise money?
Sofar Ocean Technologies's most recent round on record is a Series B, in Oct 2021.
What does Sofar Ocean Technologies do?
Sofar Ocean Technologies is a software company.
Where is Sofar Ocean Technologies headquartered?
Sofar Ocean Technologies is headquartered in San Francisco, US.
Which VCs invest in companies like Sofar Ocean Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Sofar Ocean Technologies's stage. Their profiles are linked below.
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