Shone raises $4 million to develop new autonomous technologies for container ships

News

Alven is leading a $4m round in Shone, including participation from Liquid 2, Paul Graham, David Marcus and D. Scott Phoenix.

Startup Shone has raised $4 million in funding to develop new technologies that will help container ships run more efficiently.

Today, there are roughly 25 people needed to man every container ship. Roughly half of them are in charge of maintaining the engine and parts, while the rest are in control of monitoring navigation and sea changes. Though the ships are outfitted with sensors, they’re not currently capable of communicating, so this small team works around the clock for constant monitoring.

By connecting their technology to the current sensors (as well as adding a few new ones), Shone is able to analyze important data and provide key insights. This information would ease the role of on-board crew members and, eventually, enable Shone to recommend different courses that would allow shipping companies to make safer trips and save fuel. This development could have a significant influence on global warming by reducing the effect of shipments on the environment.

Alven is proud to participate in the development of this exciting deep-sea program.


Share

Swarmia raises a $7m Seed round led by Alven only 12 months after its inception

The funding will accelerate Swarmia’s mission of bringing visibility to engineering work and helping executives make the right data-driven business decisions.

Read

OpenClassrooms Secures $80 Million in Series C Funding

Make education accessible to everyone, everywhere. This new fundraising will allow the leader in online education to pursue its mission.

Read

Qover & Alven: an interview with Quentin Colmant, Jean-Charles Velge & Rodolphe Menegaux

Pioneer of InsurTech in Europe, Qover raises €20M to accelerate its global growth: insights from Quentin Colmant, Jean-Charles Velge & their partner at Alven Rodolphe Menegaux

Read