OceanPal Launches AI Division with $120M PIPE Investment
- OceanPal has secured a $120 million PIPE deal to establish an AI division.
- The investment is backed by notable firms including Kraken and Fabric Ventures.
- OceanPal aims to acquire up to 10% of the total supply of NEAR.
- The company’s existing shipping operations will remain separate from the new AI initiative.
This strategic move highlights OceanPal’s commitment to diversifying its business model through technology investments while maintaining its core shipping services intact.
With the backing of major investors, the $120 million funding aims to position OceanPal as a significant player in both shipping and AI sectors, targeting a substantial stake in NEAR. (Source)
