Ceto raises $4.8m from Dynamo Ventures and others to advance maritime insurance technology
The funding round was led by Dynamo Ventures to support international expansion and product development.
≈ £3.6M at $1 = £0.7507 on 30 Apr 2025
Ceto provides a data-driven platform that transforms how commercial shipping operations and insurance are managed.
Ceto has raised $4.8m in a funding round led by Dynamo Ventures, with participation from Howden Ventures, Signal Ventures, and Motion Ventures. The company intends to direct the fresh capital toward accelerating its international footprint, expanding its engineering, operations, and sales teams, and enhancing its predictive artificial intelligence capabilities.
Founded in 2020, Ceto bridges the gap between commercial ship performance and insurance through its platform, which captures vessel data to monitor machinery health, emissions, and route efficiency. The company integrates its technology directly with insurance products to adjust premiums based on actual vessel performance.
From the founder
"For as long as humans have existed, so has our desire to sail the open water. It’s no surprise then that maritime—one of the world’s oldest industries—still relies on some outdated practices,"
Tony Hildrew
CEO and Founder at Ceto
Investor perspective
"Maritime operations are the backbone of industry, with 80% of global trade by volume taking place over sea,"
Santosh Sankar
Managing Partner, Dynamo Ventures
Use of funds
- 01Expand into international markets
- 02Grow the team
- 03Continue product development