Press Release

• Flagship Founders, a venture studio that builds technology ventures for the global maritime industry, has spun off its fifth startup, named Sealenic.
• Sealenic is developing an information retrieval and management platform that will serve as a virtual AI assistant for shipping companies.
• The solution will help teams on board vessels and at shore to find and interpret information from numerous sources, which will increase efficiency and accelerate and simplify complex work processes.
• The companies Reederei F. Laeisz, Fairplay Towage Group and Harren Ship Management are cooperating with Flagship Founders and Sealenic on developing and further improving the solution

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Berlin, 10 April 2024 – Berlin-based venture studio Flagship Founders today announces the spin-off of its fifth startup. Thecompany, called Sealenic, is currently developing an information retrieval and management platform powered by artificial intelligence. Several well-known shipping companies are on board as development partners: Reederei F. Laeisz,Fairplay Towage Group and Harren Ship Management, who are already testing the solution in their operational processes. Their feedback will be used to further develop and optimize the software. The launch of the solution for the broadmarket is planned for this summer.

Finding and interpreting information is part of the daily work of all shipping companies. Teams on board and ashore must constantly access a wide range of information in order to operate the ship safely and efficiently. This includes, for example, safety procedures,checklists, machine manuals and evolving maritime rules and regulations.

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This information is usually spread across thousands of documents in various formats such as PDF, email or paper, which can make searching time-consuming. What's more, information not only has to be found but also interpreted and understood. It is not always optimally designed for this purpose, and there can be language barriers and different levels of comprehension. These factors can make many work processes in the shipping industry time-consuming and complex and can lead to unnecessary errors.

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A virtual assistant for teams at sea and on land

Sealenic aims to solve this problem. Thestartup, led by Founder and Managing Director Billel Ridelle, is building an information retrieval and management platform that will make it as easy to find information on issues such as HSEQ, safety and nautical topics as a Google web search. Sealenic is utilizing AI technology and working with Large Language Models (LLMs) such as Open AI. Users of the software can simply enter their questions into a search mask and receive a comprehensible and reliable answer,including details of the relevant sources of information. The system is built on general public knowledge (e. g. BIMCO, IMO, EU and State law data) but shows its truevalue by being able to ingest private company data and give answers that willprioritize it, ensuring full compliance with company rules. Sealenic's solutionis intended to serve as a virtual assistant for its users and significantly simplify all work processes.

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Billel Ridelle, Founder and Managing Director of Sealenic, explains: "The time is ripe for a solution likeSealenic’s. Nobody wants to trawl through emails or various documents every day to find important information. AI finally makes this unnecessary. However, the technology must be integrated into a software solution in such a way that its strengths are utilized to the full, while full data security is guaranteed. Sealenic will offer exactly that and thus set new standards in information management in the maritime industry.”

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Fabian Feldhaus,Co-Founder and Managing Director at Flagship Founders, adds: "At Flagship Founders, our goal is to build start-ups that the market really needs and that can solve the major challenges of our industry with the help of technology. With Sealenic, weare once again emphasizing this claim. We are delighted to have Reederei F.Laeisz, Fairplay Towage Group and Harren Ship Management as development partners and we see this as further proof of Sealenic's great market potential.”

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About Sealenic

Sealenic is an AI-based tool for shipping companies that makes the previously tedious and complicated search for information as easy as a Google search. Founded in Berlin in 2024, the company is developing a platform solution that uses Large Language Models (LLMs) to search through many information sources in a matter of seconds and then make them available in a clear, comprehensible manner. Sealenic aims to serve companies and their teams on board and ashore as a virtual assistant. It significantly simplifies and accelerates work processes, making them more efficient and less error-prone. Find out more at www.sealenic.com.

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About Flagship Founders

Flagship Founders is the founding partner for startups in maritime technology, logistics and shipping. The Berlin-based company was founded in May 2020 and builds together with ambitious founders scalable businesses with digital product solutions. The aim is to introduce pioneering technologies and innovation to shipping and help shape the industry’s future. To deliver successful results Flagship Founders provides ongoing support, from a successful creative process through company founding and financing right up to an exit. In addition to a wealth of expertise in the start-up and company building sector, the Flagship Founders team has access to a first-class network and specialist shipping knowledge. Find out more at www.flagshipfounders.com.

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Press Contact
Darja Köhne
Flagship Founders Press Consultant
press@flagshipfounders.com

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