Global Spatial Technology Solutions (GSTS), a Halifax, Canada-based global maritime intelligence company, has closed CAD 11 million in Series A funding.
Investors
The round was led by Fonds de solidarité FTQ, alongside the Export Development Corporation (EDC).
Founded in 1983, Fonds de solidarité FTQ is a private equity investment firm based in Montreal, Canada. The firm seeks to invest in early and growth-stage companies operating in the B2B manufacturing sector based in Quebec, Canada.
GSTS Use of Funds
The company will use the funds to accelerate the global rollout of GSTS’s AI-driven platform, OCIANA®. This investment will support expansion into the EMEA and APAC regions, enhance its commercial and AI teams, and enable the development of new features addressing digitalization, climate change, and sustainability.
About GSTS
Global Spatial Technology Solutions (GSTS) specializes in maritime technology. Their AI-powered platform, OCIANA provides operational optimization, risk, and compliance management solutions across the maritime industry with multiple applications in commercial, civil, and defense segments. Its platform uses predictive solutions enabled by various operational, environmental, vessel, and cargo data to provide real-time decision-making intelligence for ports, terminal operators, shipping lines, logistics companies, importers, exporters, national and international agencies, and security organizations.
Funding Details
Company: Global Spatial Technology Solutions Inc.
Raised: CAD 11.0M
Round: Series A
Funding Date: August 2024
Lead Investor: Fonds de solidarité FTQ
Additional Investors: Export Development Corporation
Company Website: https://gsts.ca/
Software Category: Maritime Intelligence Solutions
Source: https://www.prnewswire.com/news-releases/gsts-closes-series-a-funding-round-for-global-commercialization-of-ociana-platform-302232214.html