SEDNA

Sedna is a data-driven communication platform that helps teams in the maritime industry streamline their workflow and make informed decisions faster. The company's flagship product, Stream, lightens the manual work of managing emails by extracting and consolidating relevant data from emails and other systems into a single customized view. This allows teams to analyze key information, compare fixture opportunities, and identify the best deals before the competition.

In February 2024, Sedna launched Pulse, an AI-driven solution built on top of Stream specifically designed for chartering teams. Pulse sits on top of the email inbox, transforming data from emails and other sources into a structured, deduplicated table ready for analysis. 

Sedna has formed partnerships with companies like Lloyd's List Intelligence, Signal, SpotShip, and ZeroNorth to integrate their data and AI capabilities into Pulse, further enhancing its value proposition. 

Key customers and partnerships

Sedna’s notable customers in the maritime industry include Oldendorff, Glencore, Norden, and Pacific Basin.

The company has also established strategic partnerships with leading industry players to enhance its offerings. For instance, Sedna has integrated vessel tracking data from Lloyd's List Intelligence and voyage optimization algorithms from ZeroNorth into its Pulse platform.

Additionally, Sedna has partnered with Chain.io, a cloud-based integration platform, to enable seamless embedding of CargoWise TMS data into its email collaboration tool, providing freight forwarders with improved visibility and streamlined communication.

Funding and Financials

In July 2023, The company raised USD 42 million in additional investment from global software investor, Insight Partners, with participation from GK Goh Ventures. The investment was earmarked to expand its platform and develop new solutions to advance its vision of making trade go faster.

In July 2021, Sedna raised USD 34 million in a Series B funding round led by Insight Partners. The round included the participation of Stride.VC, Chalfen Ventures, and the SAP. The funds were used for the growth of its product, data science, and go-to-market functions. This funding follows its USD 10 million Series A round in December 2020.