Sedna Communications raises €10 million for its maritime technology platform

London-based Sedna Communications Ltd, an AI-powered workflow automation platform focused on the global trade and supply chain market, announced today it has secured €10 million in debt financing from CIBC Innovation Banking.

The funding will drive AI innovation, expand platform integrations, and support sustainable growth to better serve Sedna’s customers.

Robert Scott, CFO of Sedna, said: “Securing this growth financing from CIBC Innovation Banking is a testament to Sedna’s strong market position and continued momentum. In a sector where efficiency and speed are critical, this funding enables us to accelerate our investment in cutting-edge technology and scale our impact across the global trade and supply chain industry.

“CIBC has proven to be a dynamic and strategic financial provider, offering the flexibility and industry expertise that high-growth companies like ours need to thrive.”

Founded in 2017, Sedna helps maritime and supply chain businesses extract important data from emails – the primary mode of communication in the industry – to streamline and consolidate business decisions.

Backed by Insight Partners, Sedna’s platform streamlines high-volume, complex workflows for businesses operating in shipping, logistics, freight forwarding, and supply chain management.

It reportedly has the largest customer base for maritime communications, including port agents, vessel operators, charterers, brokers, and IT managers.

According to figures provided by Sedna, leveraging Sedna’s AI-driven platform can increase operator capacity by 200% and achieve an 80% productivity boost, saving each team member an average of 10 hours per week.

In November 2024, Sedna strengthened its capabilities with the acquisition of Nordic IT, a leading specialist in email management solutions. This strategic move, combined with Sedna’s rapid growth, has positioned the company as the dominant provider of maritime email solutions, reportedly securing the largest customer share in the market.

Sean Duffy, Managing Director, UK & Europe, of CIBC Innovation Banking, said: “The maritime and supply chain industry is such an integral part of global trade, and communication is central to this success. Sedna’s solution enables players in the industry to make informed, timely decisions by ensuring critical information reaches the right people at the right time. We are proud to support Sedna on its growth journey.

CIBC Innovation Banking has 25 years of specialised experience in growth-stage tech and life science companies across North America. CIBC Innovation Banking now has over €9.8 billion in funds managed including life sciences, health care, CleanTech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years.

The post Sedna Communications raises €10 million for its maritime technology platform appeared first on EU-Startups.