Starboard Maritime intelligence Secures $23 Million to Combat Global Illicit Activities with AI

Auckland, New Zealand – Starboard Maritime Intelligence, a New Zealand-based technology startup, has successfully closed a $NZ23 million ($21 million USD) funding round led by Altered Capital, with significant participation from OIF Ventures and King River Capital. The investment will fuel the company’s expansion of its artificial intelligence platform designed to detect and prevent illegal activities occurring within global shipping lanes.

The funding round values Starboard Maritime Intelligence at $NZ53 million. The company’s technology analyzes vast datasets of maritime data, identifying patterns and anomalies indicative of illicit operations such as drug trafficking, sanctions evasion, and even espionage.

“The world’s oceans are a critical infrastructure, and sadly, a vulnerable one,” stated a company spokesperson. “Our AI-powered platform provides a crucial layer of security,helping authorities and businesses mitigate risk and maintain the integrity of global trade.”

The investment reflects growing concern over the use of maritime routes for illegal purposes and the increasing demand for elegant technologies to counter these threats. Starboard Maritime Intelligence’s platform offers a proactive approach to maritime security, moving beyond customary reactive methods. The company intends to use the new capital to enhance its AI capabilities, expand its data sources, and broaden its reach into new markets.