SynMax develops satellite- and AI-driven intelligence products for maritime and energy markets. Its Theia product processes millions of square kilometers of over-ocean satellite imagery daily to detect, identify, and track tens of thousands of dark vessels. Hyperion provides oil and gas intelligence by monitoring rigs, frac crews, and well completions and delivering oil and gas forecasts. Vulcan uses satellite photogrammetry to monitor coal inventory levels at 100 US coal power plants, and Leviaton offers LNG maritime intelligence and predictions of global LNG flows. The company is headquartered in Houston and maintains offices in London and New York. SynMax recently raised $13 million at a $50 million pre-money valuation to accelerate growth of its product portfolio. SynMax builds AI-driven geospatial intelligence products that fuse earth observation imagery and key data sources to provide comprehensive ground truths for the energy and maritime sectors. Its SynMax Energy product suite launched in May 2022 and is intended to deliver accurate and timely energy intelligence. SynMax Maritime plans to launch Theia, a maritime domain awareness platform, in early 2023 to detect dark ships and their activities through data fusion. The company describes its AI as informed by industry experts and data scientists and emphasizes providing ground truths rather than predictions. SynMax will use recent funding to expand its team and continue building its suite of energy products while advancing maritime product development. The company announced a $6 million oversubscribed seed round to support these efforts.

Total raised

$19M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024