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Crowley Participates in Saildrone Inc's $100 Million Series C Round to Advance Ocean Intelligence Products
Wednesday, October 27, 2021
Crowley Maritime Corporation has partnered with Saildrone Inc. to grow Saildrone's data insight teams and scale go-to-market functions and advance Crowley's expansion into services that meet the needs of customers, partners and a more sustainable world.
JACKSONVILLE, Fla., Oct. 19, 2021 /PRNewswire-PRWeb/ -- Crowley Maritime Corporation has partnered with Saildrone Inc., the emerging market leader in ocean data, ocean mapping, and maritime intelligence solutions, by participating in their $100m series C raise. The burgeoning relationship is valuable for the growing offshore wind sector, for which both Crowley and Saildrone are key service providers.
The strategic investment will be used to grow Saildrone's data insight teams and scale go-to-market functions to meet the rapidly growing demand for ocean domain intelligence, and advances Crowley's continued expansion into services that meet the needs of customers, partners and a more sustainable world.
"Crowley is proud to join Saildrone in advancing technology for gathering and analyzing climate, mapping and maritime security data for the benefit of our environment and communities," said Tom Crowley, the company's chairman and CEO. "Our investment advances Crowley's strategy to develop growth in the next generation of industries that align innovation and value while leveraging renewable energy."
An American owned and operated company founded in 2012, Saildrone's mission is to sustainably explore, map and monitor the ocean, to understand, protect and preserve our world. Saildrone uncrewed surface vehicles (USV's), predominantly powered by renewable energy, have a minimal carbon footprint and are equipped with advanced sensors and embedded ML/AI technology to deliver critical insights from any ocean, at any time of year.
"We are delighted to have Crowley join our team as a strategic investor" said Richard Jenkins, Saildrone founder and CEO. "Adding high utility ship capability, and a global marine service network to Saildrone operations is going to be transformational for our business. Likewise, there are many ML/AI technologies that we have evolved at Saildrone, that can be applied to regular vessel operations to help improve safety, such as through improved maritime domain awareness. We are looking forward to working together to accelerate these technologies.
Crowley's partnership with Saildrone aligns with the company's ambition to be the most sustainable and innovative maritime and logistics solutions company in the Americas by 2025. Saildrone's products are based on data collected from a fleet of USV's that are powered primarily by renewable wind and solar power. Saildrone USV's are the most reliable uncrewed vehicles on the planet, sailing over 500,000 nautical miles and clocking more than 15,000 days at sea in some of the harshest conditions on the planet.
About Crowley
Crowley Maritime Corporation is a privately held, U.S.-owned and -operated maritime, energy and logistics solutions company serving commercial and government sectors with more than $2.5 billion in annual revenues, over 160 vessels mostly in the Jones Act fleet and approximately 6,300 employees around the world - employing more U.S. mariners than any other company. The Crowley enterprise has invested more than $3 billion in maritime transport, which is the backbone of global trade and the global economy. As a global ship owner-operator and services provider with nearly 130 years of innovation and a commitment to sustainability, the company serves customers in 35 nations and island territories through four business units: Crowley Logistics, Crowley Shipping, Crowley Solutions and Crowley Fuels. Additional information about Crowley, its business units and subsidiaries can be found at http://www.crowley.com.
Media Contact
David DeCamp, Crowley, 904.727.4263, david.decamp@crowley.com
Torey Vogel, Crowley, 904.726.4536, torey.voge@crowley.com
SOURCE Crowley
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