{"id":553,"date":"2025-05-02T06:00:38","date_gmt":"2025-05-02T06:00:38","guid":{"rendered":"http:\/\/www.vsdia.com\/?p=553"},"modified":"2025-05-02T06:25:52","modified_gmt":"2025-05-02T06:25:52","slug":"ceto-to-use-4-8m-investment-to-expand-data-driven-marine-insurance-product","status":"publish","type":"post","link":"http:\/\/www.vsdia.com\/index.php\/2025\/05\/02\/ceto-to-use-4-8m-investment-to-expand-data-driven-marine-insurance-product\/","title":{"rendered":"Ceto to use $4.8m investment to expand data-driven marine insurance product"},"content":{"rendered":"

Ceto, a platform that provides predictive analytics for the maritime industry, has secured $4.8 million from its latest fundraising round to start its data- driven insurance product and support its ongoing global expansion.<\/p>\n

\"MarineThe round was led by Dynamo Ventures, with participation from Howden Ventures, Signal Ventures, and Motion Ventures.<\/p>\n

The marine AI startup captures and analyses high-frequency data from commercial ships to improve insurance risk selection, reduce machinery failures, and enhance fuel efficiency.<\/p>\n

Delivered through an integrated dashboard, these insights power a first-of-its-kind connected insurance product backed by global insurers.<\/p>\n

Tony Hildrew, CEO and Founder of Ceto, said: “For as long as humans have existed, so has our desire to sail the open water. It’s no surprise then that maritime\u2014one of the world’s oldest industries\u2014still relies on some outdated practices.<\/p>\n

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“At Ceto, we aim to unite the power of AI with the indispensable human expertise at the heart of maritime. This kind of technology plays a critical role in identifying risk and improving decision-making, ushering in a smarter era for shipping and finance.\u201d<\/p>\n

Ceto’s platform is unlocking a wealth of data for maritime operators, for example, thos starting fresh with data can be fully onboarded and online in about 1-2 days, the firm explains.<\/p>\n

For those who already have an existing data capture solution, the platform can use that information and have a full fleet online in their system within 2-4 hours, a speed that according to the firm is faster than any competitor on the market.<\/p>\n

Santosh Sankar, Managing Partner of Dynamo Ventures, stated: “Maritime operations are the backbone of industry, with 80% of global trade by volume taking place over sea. An industry with this much global reliance is insured using analog practices that are a hundred years old.<\/p>\n

\u201cCeto’s quest to reshape the future of maritime insurance is not just inspirational \u2013 it’s necessary. Our world won’t move forward if our supply chain is stuck in the past, and Dynamo is excited to be supporting Ceto as they embark on this journey to improve how these assets are monitored, maintained, and insured.”<\/p>\n

Ceto helps ship owners run smarter, greener, and more cost-efficient operations with three key tools. Watchkeeper, its main platform, uses AI to track ships and spot issues early; CarbonID handles emissions and fuel tracking also using AI; and connected Insurance ties a ship’s performance data to its insurance.<\/p>\n

As part of its ongoing expansion, Ceto is scaling its engineering, operations, and sales teams and has appointed Bob Clarkson as Chief Underwriting Officer, further deepening its insurance and risk expertise.<\/p>\n

The post Ceto to use $4.8m investment to expand data-driven marine insurance product<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ceto, a platform that provides predictive analytics for the maritime industry, has secured $4.8 million from its latest fundraising round to start its data- driven insurance product and support its ongoing global expansion. The round was led by Dynamo Ventures, with participation from Howden Ventures, Signal Ventures, and Motion Ventures. The marine AI startup captures…<\/p>\n","protected":false},"author":1,"featured_media":555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts\/553"}],"collection":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/comments?post=553"}],"version-history":[{"count":3,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts\/553\/revisions"}],"predecessor-version":[{"id":557,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/posts\/553\/revisions\/557"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/media\/555"}],"wp:attachment":[{"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/media?parent=553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/categories?post=553"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.vsdia.com\/index.php\/wp-json\/wp\/v2\/tags?post=553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}