Eniram Ltd. announced the successful closing of its Series B venture funding round. According to the company, the investment round totaling 5 Million Euros (USD 6,5 Million) will allow it to increase the pace of expansion of its global sales, distribution and support operations.
Eniram DTA helps vessel officers optimize trim at all times, minimizing water resistance, decreasing fuel consumption, and reducing emissions. The system continuously collects and displays real-time data of the vessel attitude, allowing timely action in changing circumstances. The key metrics are brought to vessel officers in an easy-to-read graphic form, to facilitate faster and better informed decision-making. The DTA has already been deployed in production use in a number of vessels around the world, with customers including world’s leading cruise brands such as Norwegian Cruise Line (NCL).
The investment round closed in December 2008 was led by Ferd Venture, a Norway venture capital investors focused on ICT companies in the Nordic region. Other investors include Conor Venture Partners, a Finnish early-stage technology venture capital firm, and Finnish Industry Investment Ltd, a government-owned investment company. Conor Venture Partners previously invested in Eniram in the company’s Series A funding round in March 2008.
Eniram’s decision support systems are designed by a team of marine system experts, software architects, programmers, naval architects and captains creating a unique combination of expertise. The DTA is based on dynamic data that is automatically retrieved from operational vessel management applications and purpose-built sensors using sensor network technology. The core of the DTA software is a multidimensional analysis model, which continuously calculates the key forces affecting the vessel attitude. In fleet-wide use, the system can be extended to provide shipping companies with compounded vessel performance data for more efficient fleet management.
Source: Netprofile Tech News
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