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As Climate Change Impacts Major Industries Globally, Sofar Ocean Secures $39M Series B To Accelerate Its Ocean Intelligence Platform To Drive Climate Mitigation And Adaptation

Nov 02, 2021•about 4 years ago

Amount Raised

$39 Million

Round Type

series b

San Francisco

Description

Sofar Ocean, the world's largest ocean intelligence platform, announced today it has secured a $39 million Series B syndicate round with Union Square Ventures (USV) and the Foundry Group. With this funding, Sofar will further scale its technology platform and grow its team across key regions worldwide. The funding empowers the team to execute its mission of delivering climate insights through ocean intelligence, enabling strategic business decisions, and promoting climate adaptation and mitigation.

Company Information

Company

Sofar Ocean Technologies

Location

San Francisco, California, United States

About

Sofar Ocean connects the world's oceans to provide data-driven insights to science, society and industry for a more sustainable planet. Sofar owns and operates the largest open ocean sensor network providing critical real-time insights that power applications for customers across industries from shipping and government to environmental research and more in order to demystify the world's oceans. For more information please visit: http://www.sofarocean.com.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech