Ceto Secures $4.8M to Enhance Maritime Insurance with AI

Ceto, a maritime AI startup, has raised $4.8 million to expand its data-driven insurance product, improving risk selection and operational efficiency at sea.

Ceto, a maritime AI startup, has secured $4.8 million in funding to expand its data-driven insurance product, announced in a press release. The funding round was led by Dynamo Ventures, with participation from Howden Ventures, Signal Ventures, and Motion Ventures.

Ceto's platform captures and analyzes high-frequency data from commercial ships to enhance insurance risk selection, reduce machinery failures, and improve fuel efficiency. This data is delivered through an integrated dashboard, offering a connected insurance product supported by leading global insurers. The company's clients include a diverse range of shipping companies, from a major Japanese operator to a mid-sized Singapore-based firm.

The newly acquired funds will support Ceto's global expansion, including scaling its engineering, operations, and sales teams. Additionally, Ceto has appointed Bob Clarkson as Chief Underwriting Officer to deepen its expertise in insurance and risk management. Clarkson brings over 30 years of experience in marine insurance, having led roles in underwriting and claims management.

We hope you enjoyed this article.

Consider subscribing to one of several newsletters we publish. For example, in the Daily AI Brief you can read the most up to date AI news round-up 6 days per week.

Also, consider following us on social media:

Subscribe to Daily AI Brief

Daily report covering major AI developments and industry news, with both top stories and complete market updates

Market report

AI’s Time-to-Market Quagmire: Why Enterprises Struggle to Scale AI Innovation

ModelOp

The 2025 AI Governance Benchmark Report by ModelOp provides insights from 100 senior AI and data leaders across various industries, highlighting the challenges enterprises face in scaling AI initiatives. The report emphasizes the importance of AI governance and automation in overcoming fragmented systems and inconsistent practices, showcasing how early adoption correlates with faster deployment and stronger ROI.

Read more