Next Ocean has secured Seed Investment from Arches Capital to scale production, expand, and further develop its predictive vessel motion radar technology. The vessel motion radar systems are supplied to the offshore wind and oil and gas industries.
Over the past years, Next Ocean, based in Delft, the Netherlands, has delivered numerous vessel motion radar systems to leading companies in the offshore industries. It is a spin-off from Delft University of Technology and was founded in 2016 by Peter Naaijen en Karel Roozen.
With this investment, Next Ocean will enhance its commercial reach and solidify its leadership in maritime safety technology. Partnering with Arches Capital and their network of successful former entrepreneurs brings strategic expertise to help Next Ocean expand its impact globally.
Real-time insights into vessel motions
The technology provides real-time insights into wave-induced vessel motions, enabling operators to anticipate conditions up to three minutes ahead. This precision allows for safer and more efficient offshore operations, minimising operational risks and maximising uptime, even in rough weather.
‘This partnership marks a significant milestone for Next Ocean, reinforcing our long-term commitment to the offshore industries,’ says Karel Roozen, CEO, Next Ocean. ‘We are confident that Arches Capital will be a key partner in further establishing our market position. By accelerating our growth, we can bring our potentially life-saving technology to operators worldwide and strengthen the relationships we’ve built with our existing clients. Together, we can drive safer and more efficient maritime operations.’
Frank Appeldoorn, Managing Partner, Arches Capital: ‘At Arches Capital, we seek out transformative technologies, and Next Ocean embodies that vision perfectly. Their predictive radar technology is reshaping offshore safety and efficiency. We are excited to support their global expansion and help bring this innovation to more maritime professionals, making offshore operations safer and more reliable.’
Picture: Predicting vessel motions wave by wave enables safer and more efficient offshore (installation) operations (photo by Next Ocean).
