Next Ocean secures funding to scale Vessel Motion Radar technology

Next Ocean, a Vessel Motion Radar technology developer, has secured a seed investment from Arches Capital, a Netherlands-based private equity firm.

With the investment, Next Ocean aims to scale production, enter new markets, and advance the development of its predictive radar technology.

Arches Capital’s investment will help Next Ocean “enhance” its role in maritime safety technology.

The partnership also provides Next Ocean with access to “strategic” expertise through Arches Capital’s network of experienced entrepreneurs.

Arches Capital managing partner Frank Appeldoorn said: “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.”

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive edge.

View profiles in store

Company Profile – free sample

Your download email will arrive shortly

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Industry *

Tick here to opt out of curated industry news, reports, and event updates from Ship Technology.

Submit and download
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See also  RS Aqua, UVision Partner to Deliver Underwater 3D Imaging Technology to UK and Ireland

Over the past years, Next Ocean has delivered several Vessel Motion Radar systems to players in the offshore wind and oil and gas sectors.

This technology offers “real-time insights” into wave-induced vessel motions, providing operators with the ability to foresee conditions up to three minutes in advance.

The precision of this system enables safer offshore operations, reducing operational risks and enhancing uptime, even in challenging weather conditions, according to the company.

Next Ocean CEO Karel Roozen said: “This partnership marks a significant milestone for Next Ocean, reinforcing our long-term commitment to the offshore industries. 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.”

In December 2024, Next Ocean secured a contract to supply an additional Motion Radar system to an unnamed existing client in Norway.