Startup Raises $42 Million for Ship Sensor System
Quartermaster, an Arlington, Virginia-based startup, raised $42 million to develop sensors for ships. The funding supports technology intended to improve on current maritime tracking methods.
pymnts.comQuartermaster, an Arlington, Virginia-based startup, has raised $42 million to equip ships with sensors. The company says the sensors are designed to surpass the performance of existing Automatic Identification System technology used for vessel tracking.
The round provides capital for further development and deployment of the sensor systems on commercial and other vessels. No additional financial terms or investor names were disclosed in the announcement.
AIS technology transmits basic vessel identification and position data. Quartermaster's system aims to add more detailed sensor inputs for maritime operations.
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Additional vessels may receive upgraded sensor equipment if deployment proceeds.
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