Nautilus Labs, an AI technology firm focused on ocean commerce with hubs in New York, Singapore, Paris, and London, has secured USD34 million in Series B funding round.
Microsoft played a leading role, with M12, the company’s venture fund, and the Microsoft Climate Innovation Fund co-investing for the first time.
This round brings Nautilus’s total raised capital to over USD48 million. The company will use the investment to develop and deploy new product capabilities that support client goals to drive decarbonisation while maximising profits, attract fresh tech talent, and open and expand new offices in key shipping hubs worldwide.
The Series B round also saw participation from new and existing investors, including NSS Advisors, Systemiq Capital, Root Ventures, Quiet Capital, TMV, and Amplifier.
