Participated · Seed · Sep 2022

Kaiko Systems offers an AI-powered maritime operations platform designed to optimize vessel performance, enhance operational efficiency, and reduce operational costs. The platform leverages advanced data analytics and machine learning to provide real-time monitoring of vessel performance, fuel consumption, and engine efficiency to support route optimization and cost reduction. Kaiko also provides predictive maintenance capabilities to identify potential issues before they lead to breakdowns, and integrates environmental data to help ensure regulatory compliance and reduce emissions. Its AI-driven insights deliver tailored recommendations that bridge frontline teams and strategic decision-makers. The company recently raised a €6M Series A and has €9M in total funding. Kaiko plans to use the new capital to expand into new markets and advance product development to incorporate more extensive AI capabilities, strengthening safety, compliance, and operational resilience. Kaiko Systems builds a smartphone-based tool for front-line workers and inspectors to collect operational data aboard commercial vessels. Its built-in AI verifies data plausibility, flags issues to onshore teams, and can identify other vessels at risk from the same faulty part. Founded in 2020 by Fabian Fussek and Eddy del Valle, the company has completed more than 10,000 inspections across roughly 250 vessels. Customers include Columbia Shipmanagement, Marlow Navigation, USC Barnkrug, CTM and The Asian Spirit Steamship Company. The CEO declined to disclose detailed financials but said the markup is "very positive" and that the startup is on a strong path to profitability. Kaiko employs 10 people and plans to double headcount while using new capital to grow its team, improve its software and expand beyond Germany, Greece and East Asia.