Nautilus Labs participates in visionary maritime accelerator powered by Techstars
By Nautilus Labs
Firm grows global footprint as part of Bluetech program spearheaded by Eastern Pacific Shipping in Singapore
(New York, New York – NOVEMBER 20) Today, Nautilus Labs, the technology firm advancing the efficiency of ocean commerce through artificial intelligence, announced that it will officially participate in the Eastern Pacific Accelerator Powered by Techstars. As part of this visionary maritime accelerator program—spearheaded by Eastern Pacific Shipping (EPS)—Nautilus will establish a presence in Singapore to support clients and partners across the Asia-Pacific (APAC) region.
“Singapore has been a strategic part of our growth plan since launching Nautilus. Not only is the city-state a global powerhouse in ship management but it serves as a key hub for many of our clients like Eastern Pacific Shipping. We’re thrilled to join both EPS and Techstars, the global gold standard in accelerator programs, as we create a more sustainable industry and help build a better planet,” said Matt Heider, CEO of Nautilus Labs.
Nautilus will be one of nine participating startups in this inaugural accelerator from Techstars. The firm is currently hiring for open client success roles in Singapore, as local points-of-contact for a growing client base in the region.
Gil Ofer, Head of Open Innovation at Eastern Pacific Shipping stated, “The commercial shipping industry is entering a new era where harnessing onboard sensor data through artificial intelligence and machine learning will play a critical role in driving efficient, sustainable, and profitable vessel operations. We chose to partner with Nautilus Labs after conducting a successful pilot that not only resulted in immediate savings, but gave our in-house operations team an accurate view on vessel performance in real time and at the click of a button.”
Applications were open from April 8th to August 4th, and Eastern Pacific Accelerator Powered by Techstars officially launched today, November 20.
Ocean commerce consumes over $100 billion dollars of fuel every year, nearly a third of which is the result of needless overconsumption. For owner-operators, reliance on manually collected and analyzed data makes it difficult to optimize fleet performance in real time. By providing a unified data platform that leverages machine learning, Nautilus helps clients make better decisions by maximizing the return for every vessel and voyage—and drive closer collaboration, greater transparency, and stronger accountability across their full fleets and shoreside teams, in real time.
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,700 companies with a market cap of $18 Billion.
About Eastern Pacific Shipping
Eastern Pacific Shipping Pte. Ltd. (EPS), is a global ship management company that is committed to the green and technology-driven growth of the maritime industry. Headquartered in Singapore, its mission is to be the safe and efficient transportation provider of choice to the shipping industry. Empowering that mission are 5000 skilled and dedicated sea and shore staff that oversee a versatile fleet of 14-million deadweight-tonnes comprising of container, chemical, dry bulk, gas, car carriers, and oil tanker vessels. EPS’ shore team is fully integrated with innovation, operations, crewing, IT, and commercial departments. Find out more at www.epshipping.com.sg.