WINDWARD
| Registered office | Israel - Tel Aviv |
|---|---|
| Other branches | London (UK), Washington DC (USA) |
| Industries | Analytics |
| Categories | AI, big data |
| Sources | Unspecified |
| Website | https://windward.ai/ |
About the company
Windward was founded in 2011 by two former members of the Israeli Navy. It specializes on AI-based analysis of data on shipping traffic. The startup received US$5 million from Israeli venture capital fund Aleph in a first round of funding in 2013. When the capital fund Horizon Ventures joined in 2015, the value of the still relatively small company was already estimated at US$ 100 million. With its databases and evaluation tools, it contributes to the implementation of trade sanctions against North Korea and the observation and classification of Iranian cargo ships, among other things.
Contribution to the EU border regime
In 2014, it licensed its software for the first time to the border protection agency Frontex for 800,000 euros, when the agency was looking for an overview of corresponding products. In 2018, Frontex placed an order for 2.6 million euros with a term of one year and an option to extend.
Added: Jan. 11, 2024
Last update: Jan. 28, 2024, 12:03 p.m.