Vortexa raises US$34M in Series C funding

Vortexa uses AI to provide real-time data and advanced analytics for energy and freight markets covering the crude oil, refined products, LPG and LNG markets, across all vessel classes. Vortexa is a multidisciplinary force of more than 120 employees combining energy and freight expertise, data science and engineering across major hubs in London, Singapore, Houston, New York City, Geneva and the UAE.

The investment brings the total amount raised by Vortexa since its inception to more than US$60M, which will be used to further accelerate the company’s international expansion, state-of-the-art technology and first-class service to its clients and partners.
Law firm Taylor Wessing advised Vortexa in its latest round.

Vortexa chief executive Fabio Kuhn commented, “Despite one of the toughest fundraising environments for tech companies in the recent past, this funding round was significantly oversubscribed. We are pleased to partner with the Taylor Wessing team again on our fundraising as we know we can always count on them to provide exceptional service and professional advice. The team has worked as a seamless part of our team and has been instrumental throughout the process in ensuring the fundraising went as smoothly as it did.” 

A vital component of Vortexa’s predictive capabilities lies in the reconciliation of automatic identification system (AIS) pings. This involves a meticulous process of cleaning, processing and enriching the pings with additional vessel details and historical positions. By undertaking this crucial step, Vortexa believes it is able to provide accurate predictions, enabling businesses to gain valuable insights into vessel movements and trends.