C-Vantage develops an AI and big-data–based SeaVantage Maritime Platform (SVMP) that offers cargo and vessel tracking, port-congestion analysis, and arrival/destination prediction for more than 400,000 vessels worldwide. Its core product uses machine learning to enhance visibility across maritime supply chains and support operational decision-making. The company says the platform can predict destinations and arrival times for a global fleet of vessels, underpinning its competitive advantage. C-Vantage plans to accelerate technology development and expand its business using the new funding. It also intends to drive digital transformation and offer eco-friendly solutions in the maritime logistics sector. Management highlights a focus on strengthening technical capabilities and supporting sustainable development in shipping. SeaVantage, founded in 2018 and based in Seoul, South Korea, offers a maritime visibility platform that delivers real-time visibility and predictive analytics to ocean shippers and logistics service providers. Its proprietary maritime predictive analytics powers cargo insight, port insight, and ship insight modules and connects to a network covering 30+ shipping lines, 300,000+ vessels, and 4,000+ seaports. Since launching the visibility platform in late 2021, SeaVantage has signed over 60 paying companies with a customer retention rate of 100% as of December 2022, and over 1,000 companies across 40 countries are using the free trial version. The company plans to expand into a global supply chain visualization platform and further improve the accuracy of its maritime predictive analytics. The new funding will be used for global expansion, product innovation, improvements, and partnerships to enhance platform reliability. Notable paying clients cited include POSCO, Hyundai Glovis, Samsung SDS, and LX Pantos.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2024