Quartermaster, a startup based in Arlington, Virginia, has successfully raised $140 million in its Series B funding round, following a $43 million Series A earlier this year. The investment was led by Insight Partners and includes contributions from Overmatch Ventures and existing investors, driven by increased demand for maritime data amid global shipping disruptions.
The company’s SmartMast technology integrates cameras and radios to provide real-time maritime data, enhancing safety and operational efficiency for shipping companies and governments. With over 650 vessels equipped across 25 countries, Quartermaster is scaling its manufacturing to meet rising demand for its innovative solutions.