Why ShipIn Became Maritime Technology’s First Public Benefit CorporationOur new corporate structure makes safer, more resilient shipping a formal part of how ShipIn is governed.
ShipIn has always been built around a simple belief: technology should help the people responsible for vessel operations make better-informed decisions and return home safely. As our company has grown, that belief has shaped the products we build, the customers we work with and the way we approach artificial intelligence in maritime operations.
We have now made that commitment a formal part of our corporate structure.
ShipIn Systems has become ShipIn Systems, PBC, making us maritime technology’s first Public Benefit Corporation. The transition was unanimously approved by our Board of Directors and formally binds ShipIn’s continued growth to a defined public purpose:
“To enhance safety, wellbeing, and operational resilience across the global maritime industry through responsible, transparent, and intelligent technologies that protect crew, vessels, and cargo.”
Why this matters to ShipIn
Every safe voyage is built on thousands of decisions made by people onboard and ashore. Technology can help crews and shore teams recognize developing risks earlier, understand what is happening across a vessel and respond with better information. The companies building that technology also have a responsibility to ensure it is transparent, trustworthy and designed around the people it is intended to support.
Many people across ShipIn have worked at sea and understand what it means to make difficult decisions in demanding environments where information may be incomplete and time matters. That experience shapes how we develop FleetVision™ and how we think about the role artificial intelligence should play across vessel operations. Our purpose is to support professional judgement by making operational risk more visible, helping fleets prevent incidents, protect their people and improve performance over time.
“We are seafarers building AI tools for seafarers,” said Osher Perry, Founder and CEO of ShipIn Systems, PBC. “Our mission has always been bigger than building a successful technology company. It is about helping the people who go to sea come home safely, while helping the fleets they operate become safer and more productive. This is who we have always been, and now it is formally part of what our company is.”
Building accountability into our growth
This transition comes at an important moment for ShipIn. Following our recent $52 million Series B financing, we are accelerating the development and global expansion of our AI-powered operational intelligence platform. FleetVision is now used across more than 1,300 vessels operated by over 90 shipowners and managers, with more than 2.5 billion hours of vessel operations analyzed.
As our technology reaches more vessels and supports more people, our responsibility grows with it. Becoming a Public Benefit Corporation helps ensure that our commercial progress remains connected to a measurable benefit for the maritime industry. ShipIn will report annually on its performance against the public benefit purpose embedded in our charter, creating lasting accountability as the company continues to grow.
For our customers and partners, the team, platform and support they know remain the same. What changes is the strength of the commitment behind them. Our responsibility to develop trusted technology that protects crews, vessels and cargo is now formally part of how ShipIn is governed.
What does becoming a PBC actually mean?
What is a Public Benefit Corporation?
A Public Benefit Corporation is a for-profit company with a defined public purpose written into its corporate charter. Its Board must consider that purpose alongside economic value when making decisions about the company.
Is ShipIn becoming a nonprofit?
No. ShipIn remains a commercial, for-profit business focused on building a strong and sustainable company. The PBC structure recognizes that our responsibilities also include the impact we have on crews, fleets and the wider maritime industry.
What changes for ShipIn?
Our public benefit purpose is now part of our corporate governance. It must be considered as we make decisions about our products, operations and long-term growth. We will also report annually on our progress against that purpose.
What does this mean for customers?
Customers will continue working with the same ShipIn team and FleetVision platform. The PBC structure reinforces our long-term commitment to building responsible technology that helps crews and shore teams recognize risk earlier and improve vessel operations.
Is a PBC the same as a Certified B Corporation?
No. A Public Benefit Corporation is a legal corporate structure. Certified B Corporation status is a separate third-party certification. ShipIn’s transition changes our legal structure and places our public benefit purpose directly into our corporate charter.
Why make this change now?
ShipIn is entering its next stage of growth. This was the right moment to ensure that the mission behind our company remains part of how ShipIn is governed, regardless of how large we become.
Our name is now ShipIn Systems, PBC. More importantly, our responsibility to the people and fleets we serve is now written into the company we are building.
