EYEGAUGE marine-tech startup to decarbonize the Maritime Industry by leveraging high-frequency data – EYEGAUGE, the Paris, France and Singapore-based start-up specializing in data collection technology has announced a successful raise of 535K€ seed financial round. Led by well-known French Business Angel groups including Mer Angels, Paris. Business Angels and BADGE alongside support from several individual investors. Notably, some of these investors expressed their confidence in eyeGauge after its participation in the BlueInvest Day 2023.
Created in February 2020, EYEGAUGE has developed its unique data collection solution that makes any ship a “smart” ship. Data collection system reppresent a unified Fleet Data Platform that helps Shipowners, Ship Managers and Ship Operators to optimize fleet performance, and reduce emissions and fuel consumption by using high quality and high-frequency data from onboard machinery and equipment.
Incubated and accelerated at international hubs ZEBOX in Marseille and Le Village by CA in Paris, France, EYEGAUGE has already secured major clients in Singapore, Greece, and Europe.
The recently secured investment will be strategically allocated to reinforce R&D, expand the go-to-market team, and further enhance the data collection solution and Unified Fleet Data Platform. This financial infusion positions the young company for continued innovation and growth in the maritime industry.
Addressing the Maritime Industry Challenge
Digital transformation has helped increase value through innovation, invention, and improved customer experience and boosted efficiency. However, until now, digital transformation solutions required complex equipment upgrades, making automated monitoring of existing machinery and equipment prohibitively expensive to owners, operators and managers.
An affordable solution for maritime digitalisation
To address this challenge, EYEGAUGE has developed a Unified Fleet Data Platform, a universal solution designed for shipowners, ship operators, and ship managers. This platform enables the automated monitoring of vessel performance, fuel consumption, emissions, and machinery status in real-time.
Comprising three layers-data collection, data unification, and visualization and analytics, the platform ensures accurate measurement and seamless sharing of equipment and machinery data. This, in turn, facilitates the achievement of decarbonization goals and enhances relationships among industry stakeholders, such as shipowners and charterers. A distinctive advantage of EYEGAUGE’s solution lies in its universal compatibility with any type of machinery and equipment. Notably non-invasive, the system can be effortlessly installed by the ship’s crew, providing a user-friendly and accessible solution for the maritime industry.
A few words from the investors.
“Mer Angels decided to invest in EYEGAUGE recognizing that their innovative and truly unique solution is exactly what the shipping industry needs to digitize and to comply with new shipping IMO regulation in no time.”
Vincent Guiheneuc, Mer Angels board member.
“Paris Business Angels (PBA) is delighted to support EYEGAUGE alongside Badge and Mer Angels. The project will make a major contribution to the decarbonization of the maritime sector, by enabling ship performance to be measured and shared through the non-invasive digitization of existing measuring equipment. This will help to improve ship performance, detect anomalies and thus prolong the life of vessels.”
Antoine Serceau, investor member of PBA.
EYEGAUGE aims to make the digital transformation process easier and more accessible for all maritime industry players. By leveraging machine learning and artificial intelligence, EYEGAUGE aims to make any ship smart, without changing a thing onboard. Their mission is to provide simple, affordable and efficient solutions for fleet performance management and optimization. More information on https://www.eye-gauge.com/
EYEGAUGE marine-tech startup to decarbonize the Maritime Industry by leveraging high-frequency data