United Kingdom · Maritime startup

Ceto

Ceto AI, officially registered as CetoAI Limited, is a maritime technology startup based in Newcastle upon Tyne, United Kingdom.

Funding reportedLast round: Seed

MaritimeNewcastle upon Tyne, United Kingdom

About Ceto

Ceto AI, officially registered as CetoAI Limited, is a maritime technology startup based in Newcastle upon Tyne, United Kingdom.

Founded in 2020 by Tony Hildrew, the company focuses on AI-powered vessel performance optimization. Ceto AI addresses a significant industry challenge, as nearly 45% of marine hull insurance claims arise from machinery breakdowns. By utilizing artificial intelligence and high-frequency sensor data, Ceto AI enables predictive maintenance, emissions tracking, and performance-linked insurance solutions. The company operates in the B2B SaaS space and offers a range of services, including predictive analytics, real-time risk insights, and connected insurance solutions. Key products include Watchkeeper, a predictive maintenance tool, and CarbonID, which tracks emissions and operational efficiency. Ceto AI also provides a cloud-based intelligence platform that aggregates data for vessel operators and underwriters. With strategic partnerships, including a collaboration with Chaucer Group for direct underwriting capacity, Ceto AI aims to enhance operational efficiency and sustainability in the maritime and insurance industries.

What company datasets say Ceto raised

Funding, as reported

Reported in all4.8Min the source's currency
Rounds1
Last roundSeed
Last round size4.8M
Last round dateOct 2023
Investors listed5

The company, in detail

What they build

Known for

emissions reductionmarine industry technologydistributionsustainability in shippingenterprisessustainability solutionsmarine industry partnershipsmaritime transportationinformation technology & servicesinsurancemarine industry innovationenterprise softwareinformation technologyreal-time vessel dataai for maritime safetyemissions monitoring

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Sector
Maritime
Industry code
NAICS 48831, 51321, 541512, SIC 8731
Region
England
Revenue
7.3M a year, as listed
Full record
Every detail in the company directory

Maritime in United Kingdom

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