EYEGAUGE secures seed funding for its Unified Fleet Data Platform


France- and Singapore-based start-up EYEGAUGE specialising in data collection technology has announced a successful raise of 535K EUR seed financial round led by well-known French Business Angel groups including Mer Angels, Paris Business Angels and BAdGE alongside support from several individual investors. Notably, some of these investors expressed their confidence in the company after its participation in the BlueInvest Day 2023.

Created in February 2020 EYEGAUGE has developed its unique data collection solution that makes any ship a “smart” ship. Data collection forms a foundation for its Unified Fleet Data Platform that helps shipowners, ship managers and ship operators optimise fleet performance, and reduce emissions and fuel consumption by using high-quality and high-frequency data from onboard machinery and equipment.

Incubated and accelerated at international hubs ZEBOX in Marseille and Le Village by CA in Paris, France, EYEGAUGE has already secured major clients in Singapore, Greece, and Europe.
The recently secured investment will be strategically allocated to reinforce R&D, expand the go-to-market team, and further enhance the data collection solution and Unified Fleet Data Platform. This financial infusion positions the young company for continued innovation and growth in the maritime industry.

This round of financing will be supplemented by public funding, notably from Bpifrance.
Digital transformation has helped increase value through innovation, invention, and improved customer experience and boosted efficiency. However, until now, digital transformation solutions required complex equipment upgrades, which are prohibitively expensive for some. To address this challenge, EYEGAUGE has developed a Unified Fleet Data Platform—a universal solution designed for shipowners, ship operators, and ship managers. This platform enables the automated monitoring of vessel performance, fuel consumption, emissions, and machinery status in real-time.

Comprising three layers—data collection, data unification, and visualization and analytics—the platform ensures accurate measurement and seamless sharing of equipment and machinery data. This, in turn, facilitates the achievement of decarbonisation goals and enhances relationships among industry stakeholders, such as shipowners and charterers.

A distinctive advantage of EYEGAUGE’s solution lies in its universal compatibility with any type of machinery and equipment. Notably non-invasive, the system can be effortlessly installed by the ship’s crew, providing a user-friendly and accessible solution for the maritime industry.