Spire Global's shares rise 22% after partnering with Signal Ocean for a $10M investment, exchanging AI/ML expertise and maritime datasets for digitized maritime economy, security, and transparency.

Spire Global's shares increased by 22% to $9.94 after entering a partnership with Signal Ocean, a shipping technology firm. Under this agreement, Signal Ocean will invest $10 million in Spire Global and contribute its expertise in artificial intelligence and machine learning. In return, Spire Global will provide its proprietary datasets crucial for precise monitoring of maritime activities. The partnership aims to accelerate the digitization of the maritime economy, enhance global security, and improve transparency.

February 09, 2024
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