Japanese automation giant Nabtesco acquired a majority stake in Greek shipping startup DeepSea for an undisclosed sum.

 

Japanese automation giant Nabtesco acquired a majority stake in Greek shipping startup DeepSea for an undisclosed sum.  The startup will continue to function autonomously. With the acquisition, DeepSea will further develop its fuel optimization platform for fossil fuel-powered marine vessels and support Nabtesco Marine Control Systems' goal of developing semi-autonomous shipping.  DeepSea is currently working on the vessel monitoring and optimization platform Cassandra and the weather routing platform Pythia.  Cassandra analyzes a ship's components and their effect on performance, giving clients an insight into reducing emissions across a specific vessel or the entire fleet.  Meanwhile, Pythia is able to provide customized routing, speed, and trim settings to lower overall cost and CO2 emissions.  The firm claims it can improve efficiency by 10% across any fleet within 12 months.  DeepSea has raised €8M ($8.9M) from investors to date, of which Nabtesco Technology Ventures had provided €5M ($5.55M).