UK – FrontM, an London, UK- and Bengaluru, India-based provider of a collaboration software platform for the maritime industry, raised $1.5M in funding.
The round was led by Jenson Funding Partners, Tradeworks.vc, Motion Ventures and a syndicate of MarTech investors. The company intends to use the funds to accelerate its mission to solve the connectivity and efficiency challenges that maritime businesses and their mobile workforces or customers face when operating in remote and low bandwidth environments. Led by CEO Kiran Venkatesh, FrontM provides a maritime app platform and app marketplace, optimised for low bandwidth environments, with an array of partner integrations and app rollouts in the pipeline. It operates a multi-sided business model that connects ships and crews with maritime services and solutions providers, using Edge Computing and AI technology to effectively maximise the value of available bandwidth of existing satellite connections. The company operates with a team of 35+ software architects, engineers & data scientists in London and Bangalore. It is a partnership-centric company where it builds and consolidates various partner services and solutions into its app marketplace. It today connects 500+ ships and 20+ blue-chip solutions providers worldwide. 14/03/2023
