COMPANY INFO
Frontline PLC is the world's fourth largest oil tanker shipping company, founded in 1985 and based in Limassol, Cyprus. It was founded by John Fredriksen and has about 70 employees; its primary business is transporting crude oil, and its website is frontline.bm. Frontline AI, on the other hand, is an AI powered conversational analytics platform founded in 2022 by Ethan Barhydt, with 4 employees, headquartered in New York City, and its website is frontline-ai.com. The AI platform provides real-time insights and coaching for customer conversations across industries such as insurance, banking, and home improvement.
Frontline PLC is a leading oil tanker shipping company, founded in 1985 by John Fredriksen and headquartered in Limassol, Cyprus. Operating within the oil tanker shipping industry, Frontline PLC has established itself as the world’s fourth-largest oil tanker operator, transporting crude oil globally. The company maintains a lean workforce of around 70 employees and operates offices and subsidiaries in key global maritime hubs such as Hamilton (Bermuda), Oslo (Norway), and Singapore.
Over the years, Frontline PLC has strategically navigated the funding landscape to support its expansion and technological innovation. The company’s funding history includes a total capital raise of $10 million across a single funding round. This Series A round has been pivotal in fueling Frontline PLC’s growth ambitions, particularly in deepening its research and development (R&D) capabilities and market reach in both the U.S. and Europe. Leveraging targeted venture capital, Frontline PLC aims to bolster its no-code XR and AI platform for industrial training and support, thus maintaining its competitive edge in the maritime technology sector. Notable Frontline PLC investors include Cocoon Capital, Plug and Play, Brain VC Fund, and Entrepreneur First, all of whom are significant backers in the technology and industrial innovation ecosystem.
Frontline PLC’s Series A funding round secured $10 million to accelerate its expansion into the U.S. and European markets and to boost R&D for its frontline.io no-code XR and AI platform. This round is set to further solidify the company’s innovation in industrial training and support within the shipping sector.
Cocoon Capital is a prominent Southeast Asian venture capital fund specializing in early-stage investments within tech-driven sectors. As a Frontline PLC investor, Cocoon Capital brings robust industry expertise and network support, contributing to the company’s R&D scaling and international growth.
Plug and Play is a global innovation platform and venture fund known for accelerating cutting-edge technology startups. Their involvement as a Frontline PLC investor provides access to a worldwide ecosystem and offers strategic partnerships to enhance the company’s technological advancements.
Brain VC Fund invests in AI and frontier tech companies. As a Frontline PLC investor, Brain VC Fund supports the company’s mission to integrate advanced AI solutions into maritime and industrial training.
Entrepreneur First is an international talent investor that backs ambitious founders and early-stage technology companies. Their participation highlights a focus on entrepreneurial talent and product development for Frontline PLC’s innovative offerings.
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