Greek AI shipping startup acquired by Japanese automation giant

Greek shipping software startup DeepSea Technologies has sold a majority share to Japan’s automation giant Nabtesco for an undisclosed amount.  DeepSea will continue to develop the company’s fuel optimisation platforms that reduce emissions (and cut costs) of fossil-based maritime fleets, while also becoming a “centre of excellence for AI research and product development.” Furthermore, the Athens-based startup will support Nabtesco Marine Control Systems in its quest for scalable semi-autonomous shipping.  The company will continue to function (fittingly enough) autonomously, and carry on work on its two platforms — Cassandra and Pythia — and on “the broader digital transformation of the…

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