Weather Intel Company MarineLabs Nets $4.5 Million in Seed Funding

Weather Intel Company MarineLabs Nets $4.5 Million in Seed Funding

Maritime weather intelligence technology company MarineLabs has secured $4.5 million in a round of seed funding, allowing the to advance the development and market reach of its flagship CoastAware real-time weather data product, the British Columbia-based company announced March 13. BDC Capital’s Sustainability Venture Fund led in the funding, with participation from Seaspan Shipyards. “MarineLabs’ innovated-in-BC technology aligns with Seaspan’s vision to build a sustained, long-term marine industry in BC and Canada,” Seaspan Senior Vice President of Strategy, Business Development and Communications Dave Hargreaves, said. Pairing “real-time data from its continent-wide fleet of coastal sensor units with advanced data processing,”…
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