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CetoAI - About the company

CetoAI is a series A company based in Newcastle Upon Tyne (United Kingdom), founded in 2020 by Tony Hildrew. It operates as a Provider of AI-powered vessel performance optimization solutions for the maritime industry. CetoAI has raised $6.62M in funding from Dynamo Ventures and Howden. The company has 119 active competitors, including 11 funded and 13 that have exited. Its top competitors include companies like DeepSea, Hefring Marine and Navtor.

Company Details

Provider of AI-powered vessel performance optimization solutions for the maritime industry. They use artificial intelligence to reduce machinery breakdowns, cut carbon emissions, and manage operational risk.
Website
ceto.ai
Social
X
Email ID
*****@ceto.ai
Registered Address
HOULTS YARD, MAILING EXCHANGE 120,WALKER ROAD,NEWCASTLE UPON TYNE,ENGLAND,NE6 2HL
Key Metrics
Founded Year
2020
Location
Newcastle Upon Tyne, United Kingdom
Stage
Series A
Total Funding
$6.62M in 2 rounds
Latest Funding Round
Ranked
Employee Count
10 as on Feb 28, 2025
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CetoAI's funding and investors

CetoAI has raised a total funding of $6.62M over 2 rounds. Its first funding round was on Oct 20, 2023. Its latest funding round was a Series A round on May 01, 2025 for $*****. 4 investors participated in its latest round. CetoAI has 7 institutional investors.

Here is the list of recent funding rounds of CetoAI:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
May 01, 2025
7212596
Series A
8822577
3971303
8973952
6931648
Oct 20, 2023
1107537
Seed
9316855
3417002
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CetoAI's founders and board of directors

Founder? Claim Profile
The founders of CetoAI is Tony Hildrew. Tony Hildrew is the CEO of CetoAI.
Here are the details of CetoAI's key team members:

CetoAI's employee count trend

CetoAI has 10 employees as of Feb 25. Here is CetoAI's employee count trend over the years:
Employee count trend for CetoAI
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CetoAI's Competitors and alternates

Top competitors of CetoAI include DeepSea, Hefring Marine and Navtor. Here is the list of Top 10 competitors of CetoAI, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for DeepSea
DeepSea
2017, Athens (Greece), Acquired
Developer of artificial intelligence software for maritime vessel performance optimization
$9.15M
58/100
2nd
Logo for Hefring Marine
Hefring Marine
2017, Reykjavik (Iceland), Series A
Provider of data-driven vessel monitoring systems for shipping management
$2.39M
52/100
3rd
Logo for CetoAI
CetoAI
2020, Newcastle Upon Tyne (United Kingdom), Series A
Provider of AI-powered vessel performance optimization solutions for the maritime industry
$6.62M
52/100
4th
Logo for Navtor
Navtor
2012, Egersund (Norway), Acquired
Developer of e-navigation and vessel performance solutions for the maritime sector
-
-
47/100
5th
Logo for ioCurrents
ioCurrents
2015, Seattle (United States), Series A
Plug-and-play hardware to give alerts about boat over cloud
$5.74M
43/100
6th
Logo for OrbitMI
OrbitMI
2019, New York City (United States), Seed
Developer of software for maritime vessel performance, compliance, and data
-
42/100
7th
Logo for THORIUM VMS
THORIUM VMS
2013, Lanham (United States), Unfunded
Provides vessel monitoring solutions
-
-
39/100
8th
Logo for Metis
Metis
2016, Athens (Greece), Acquired
Provider of AI and cloud-based vessel performance management solution
-
-
35/100
9th
Logo for Reygar
Reygar
2012, Bristol (United Kingdom), Acquired
Provider of performance monitoring systems
-
-
34/100
10th
Logo for Royal Dirkzwager
Royal Dirkzwager
1872, Maassluis (Netherlands), Acquired
Provider of vessel monitoring systems
-
-
34/100
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CetoAI's Investments and acquisitions

CetoAI has made no investments or acquisitions yet.

Reports related to CetoAI

Here is the latest report on CetoAI's geography:

News related to CetoAI

Media has covered CetoAI for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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