Sedna Communications raises €10 million for its maritime technology platform

London-based Sedna Communications Ltd, an AI-powered workflow automation platform centered the worldwide commerce and provide chain market, introduced at the moment it has secured €10 million in debt financing from CIBC Innovation Banking.

The funding will drive AI innovation, broaden platform integrations, and help sustainable development to higher serve Sedna’s prospects.

Robert Scott, CFO of Sedna, mentioned: “Securing this development financing from CIBC Innovation Banking is a testomony to Sedna’s robust market place and continued momentum. In a sector the place effectivity and velocity are essential, this funding allows us to speed up our funding in cutting-edge expertise and scale our impression throughout the worldwide commerce and provide chain business.

“CIBC has confirmed to be a dynamic and strategic monetary supplier, providing the pliability and business experience that high-growth corporations like ours have to thrive.”

Based in 2017, Sedna helps maritime and provide chain companies extract necessary knowledge from emails – the first mode of communication within the business – to streamline and consolidate enterprise choices.

Backed by Perception Companions, Sedna’s platform streamlines high-volume, advanced workflows for companies working in transport, logistics, freight forwarding, and provide chain administration.

It reportedly has the biggest buyer base for maritime communications, together with port brokers, vessel operators, charterers, brokers, and IT managers.

In accordance with figures supplied by Sedna, leveraging Sedna’s AI-driven platform can improve operator capability by 200% and obtain an 80% productiveness increase, saving every group member a median of 10 hours per week.

In November 2024, Sedna strengthened its capabilities with the acquisition of Nordic IT, a number one specialist in electronic mail administration options. This strategic transfer, mixed with Sedna’s speedy development, has positioned the corporate because the dominant supplier of maritime electronic mail options, reportedly securing the biggest buyer share out there.

Sean Duffy, Managing Director, UK & Europe, of CIBC Innovation Banking, mentioned: “The maritime and provide chain business is such an integral a part of international commerce, and communication is central to this success. Sedna’s resolution allows gamers within the business to make knowledgeable, well timed choices by guaranteeing essential data reaches the appropriate folks on the proper time. We’re proud to help Sedna on its development journey.

CIBC Innovation Banking has 25 years of specialized expertise in growth-stage tech and life science corporations throughout North America. CIBC Innovation Banking now has over €9.8 billion in funds managed together with life sciences, well being care, CleanTech corporations, traders, and entrepreneurs, and has assisted over 700 enterprise and personal equity-backed companies over the previous six and a half years.

– Commercial –