GSTS Closes Series A Funding Round to Commercialize OCIANA Platform Globally

MONTREAL and HALIFAX, NS, August 28, 2024 /PRNewswire/ — Global Spatial Technology Solutions (“GSTS” or “the Company”), a leader in maritime innovation, announced that it has closed a CAD $11 million Series A financing round with lead investor, Fonds de solidarité FTQ, together with Export Development Corporation (EDC).

With this strategic investment, GSTS is well positioned to accelerate the international commercialization of its proprietary AI-powered platform, OCIANA, with expansion in the EMEA and APAC regions in the near term. OCIANA provides operational optimization, risk and compliance management solutions in the maritime industry with multiple applications across commercial, civil and defense segments. The next phase includes an expansion of the OCIANA solution suite based on market needs for digitalization, climate change, sustainability and energy initiatives. This investment will also enable the expansion of GSTS’ commercial and artificial intelligence teams to respond to current market demand for OCIANA.