Flagship Founders has launched its first start-up, Kaiko Systems, which uses intelligent data analysis to prevent vessel downtime.
The start-up has developed an intelligent tool enabling the crew to continuously collect reliable, comprehensive, and relevant information about the condition of a vessel. Automated, AI-based data analysis identifies potential risks before they occur and provides decision makers with accurate information so they can act proactively. Incidents and malfunctions can be averted to reduce downtime.
Kaiko Systems is supported by shipping company Auerbach Schifffahrt as founding shareholder.
The team of the company builder consists of experienced entrepreneurs, investors and shipping experts, providing its founders with everything they need to build and grow a business model.
“Flagship Founders bridges the gap between the shipping industry and the start-up sector, allowing the maritime economy easier access to digital innovations,” said Fabian Feldhaus, managing director and co-founder of Flagship Founders.
“We’re incredibly proud of our first start-up Kaiko Systems and enthusiastic about the rapid progress as well as the positive reaction of the market. The demand for automated solutions that reduce costs and make life safer and simpler for the crew is higher than ever,” added Mr Feldhaus.
“Ships are like floating factories, but technical restrictions make it tricky to gain a reliable insight into their actual state. This often leads to incidents and subsequent downtime,” commented Fabian Fussek, founder and managing director at Kaiko Systems. “Flagship Founders’ in-depth expertise allowed us to identify those issues and develop a product that translates early indicators into reliable decision support. Our solution makes the seas safer and shipping more profitable.”
Company builder Flagship Founders uncovers potential and develops digital solutions for critical areas in shipping, which are then implemented and brought to market by the portfolio companies. The objective is a handful of spin-offs each year. Alongside Berlin-based venture capital firm rescape, Hamburg’s Auerbach Schifffahrt shipping company is another of Flagship Founders’ strategic partners and a joint shareholder.
“Once steeped in tradition, our industry is now undergoing monumental change and faces huge challenges to keep pace with such fast developments. By supporting new ideas and business models, we want to help shape the future of shipping. Digitalisation offers a fantastic opportunity to bring genuine innovations and sustainable improvements to the maritime economy,” said Lucius Bunk, managing partner at Auerbach Schifffahrt, of his role at Flagship Founders.