Global Spatial Technology Solutions (“GSTS” or “the Company”), a leader in maritime innovation, secures an undisclosed amount in series A round funding from lead investor, Fonds de solidarité FTQ , along with Export Development Corporation (EDC) .
With this strategic investment, GSTS is well positioned to accelerate the international commercialization of its proprietary AI powered platform, OCIANA ®, with near term expansion in the EMEA and APAC regions. OCIANA ® provides operational optimization, risk and compliance management solutions across the maritime industry with multiple applications in commercial, civil and defense segments.
Read also – [Funding news] CA-based Codeium Secures $150Million in Series C Round Funding
The next phase includes an extension of the OCIANA ® solution suite based on market needs for digitalization, climate change, sustainability and energy initiatives. This investment will also enable the expansion of GSTS’ commercial and artificial intelligence teams to respond to current market demands for OCIANA®.
Richard Kolacz, GSTS CEO said, “This funding is a strong endorsement from a highly recognized institutional investor upon completion of a detailed market assessment and an independent validation that OCIANA® will be pivotal in facilitating upcoming maritime industry requirements, GSTS will extend its presence and innovation in international regions and increase its development and delivery of novel solutions enabled by new data sources with AI powered intelligence to solve the world’s most critical supply chain and climate challenges.”
Geneviève Guertin, Vice-President, Private Equity and Impact Investing said, “The Fonds is proud to support a company which develops innovative solutions to enable maritime industry stakeholders to optimize their supply chain. The potential fuel savings will also contribute to the reduction of greenhouse gases in the maritime sector, – Energy, Environment and Technologies at the Fonds de solidarité FTQ. “
About Global Spatial Technology Solutions (GSTS)
Global Spatial Technology Solutions (GSTS) is a global maritime intelligence company delivering solutions to enhance decision making across the maritime and logistics industry. Their predictive solutions in OCIANA® are enabled by a range of operational, environmental, vessel and cargo data to provide real-time decision-making intelligence for ports, terminal operators, shipping lines, logistics companies, importers, exporters, national and international agencies as well as security organizations.
