The Dutch developer of Vessel Motion Radar systems, Next Ocean, has secured seed investment from Arches Capital to support its expansion and enhance maritime safety worldwide.
The funding is said to accelerate the company’s growth, enabling Next Ocean to scale production, expand into new markets, and further develop its predictive radar technology.
“This partnership marks a significant milestone for Next Ocean, reinforcing our long-term commitment to the offshore industries. We are confident that Arches Capital will be a key partner in further establishing our market position,” according to Karel Roozen , CEO of Next Ocean.
“By accelerating our growth, we can bring our potentially life-saving technology to operators worldwide and strengthen the relationships we’ve built with our existing clients. Together, we can drive safer and more efficient maritime operations.”
Over the past years, Next Ocean has delivered numerous Vessel Motion Radar systems to companies in the offshore wind and oil and gas industries.
The technology provides real-time insights into wave-induced vessel motions, enabling operators to anticipate conditions up to three minutes ahead. This allows for safer and more efficient offshore operations, minimising operational risks and maximising uptime, even in rough weather, said the company.
With the investment, Next Ocean said it will enhance its commercial reach and solidify its leadership in maritime safety technology.
“At Arches Capital, we seek out transformative technologies, and Next Ocean embodies that vision perfectly. Their predictive radar technology is reshaping offshore safety and efficiency,” said Frank Appeldoorn , Managing Partner, Arches Capital.