Enterprise Together with KSC
SeaVantage Ltd.
Singapore
Company Overview
We aim to solve the inefficiencies and difficulties faced by members of the shipping and logistics sector due to inaccurate ship arrival times by providing an innovative maritime data platform with an accurate and highly reliable forecasting algorithm based on maritime big data.
Sectors
- Big data and Artificial Intelligence
- Data Platform and visibility solution
Project Summary
- Accurate ship arrival time prediction and route planning service based on maritime big data and AI analysis
Business Model
- Revenue model Monthly/Annual Subx-scription
- Key Customer Forwarder, Cargo Owners, Port Operator, Shipping companies etc.
Major Performance
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Sales
- USD 50K (2018)
- USD 260K (2019)
- USD 100K (2020 1H)
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Investment
- Accumulative investment KRW 360M (Lindeman Asia Investments, Bluepoint Partners)
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Employees
- (2018) 4
- (2019) 10
- (2020 1H) 14
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Patent
- 1 Domestic application, Route planning method for efficient navigation of ships, 10-2031151
Overseas Expansion
Stage
Preparing for expansion to Singapore
Status
SVMP SaaS Service Launch 2020 Q4
Performance
- TRT Bigdata/AI Program (KIC Silicon Valley)
- KITA X Startup Innovation Best 11 Award
Products / Services
1
2
- Target Country
- Singapore
- Date of Establishment
- May 18, 2018
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- ethankim@seavantage. com ethankim@seavantage. com
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- Website
- www.seavantage.com www.seavantage.com
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- Location
- Gangnam-gu, Seoul Singapore
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- CEO
- Hyungjin Song
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- Founder’s Background
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- 21 years of experience in satellite communication industry
- Korea Orbcomm, CEO (1999~Now)
- Invesco, Director Asian Equity Market Fund Manager (1994~1997)
- University of Wisconsin MBA (2000~2005)