HD Hyundai Marine Solutions invests in marine AI startup Cventage

AI-based Solution to be Integrated with 'OceanWise'

HD Hyundai Marine Solutions is embarking on securing AI technology in the maritime sector and expanding its business through its first strategic equity investment since going public.

HD Hyundai Marine Solutions announced on the 14th that it has signed an equity investment agreement with C-Vantage at C-Vantage's headquarters located in Gangnam-gu, Seoul. From the left in the photo: Lee Ki-dong, CEO of HD Hyundai Marine Solutions, and Song Hyung-jin, CEO of C-Vantage. Photo by HD Hyundai Marine Solutions.

On the 14th, HD Hyundai Marine Solutions announced that it recently signed an equity investment agreement worth a total of 3 billion KRW with the maritime logistics startup company C-Vantage at C-Vantage's headquarters located in Gangnam-gu, Seoul.

C-Vantage is a startup in the maritime logistics field established in 2018. It possesses technology that predicts ship movement routes, arrival times, and cargo locations based on big data and AI algorithms including ship location information, weather, port, and route networks. Based on this, the company provides services such as ship waiting status and cargo volume analysis at ports, excelling in maritime logistics tracking and visualization solutions.

HD Hyundai Marine Solutions plans to integrate C-Vantage's platform development and operation capabilities into its AI-based decarbonization and navigation solution service, "OceanWise," further upgrading customer convenience and accessibility.

Lee Ki-dong, CEO of HD Hyundai Marine Solutions, said, "This investment agreement will be an important first step in the future maritime AI solution strategy envisioned by HD Hyundai Marine Solutions," adding, "We plan to enhance business competitiveness through strategic partnerships with various companies in the future."

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