Boosted by defense and Starlink, Orca AI pulls in $72.5M for its autonomous shipping platform

The autonomous navigation market — where ships, guided by AI, steer themselves, resulting in fuel and time savings — is projected to sail past $11 billion by 2028. As a result, companies in this space are pushing on an open door. The latest is Orca AI, which closed a Series B funding round of $72.5 million led by Brighton Park Capital. Existing investors Ankona Capital and Hyperlink Ventures also participated. The London-based company has now raised over $111 million, including a $23 million funding round last year.

So what drove the new…