About

METIS CYBERSPACE TECHNOLOGY SA, established in 2016, specializes in the development of innovative solutions that empower shipping companies towards their journey to digital transformation. Based on a team of skillful engineers with considerable expertise in mechanical &naval engineering as well as extensive business know how in shipping, METIS has managed in a short period of time to make a significant impact in the Global Maritime Industry. METIS, offers an intelligent, solution through which executives of various roles and from multiple levels of management, are able to accomplish their everyday tasks, plan upcoming events, diagnose problems, resolve critical issues and make justified decisions. Companies that use the METIS platform enjoy significant benefits that help them stand out from the competition, such as: Achieve operational efficiency, Optimize F.O. Consumption, Enhance the planned maintenance process, Manage the environmental footprint, Ensure regulatory compliance.

Solution & Product

METIS’ solution consists of the services of a Cyber Personal Assistant powered by Artificial Intelligence. METIS incorporates fully automated data acquisition combined with virtual cloud-based agents, which analyze operational or engineering processes and provide feedback in the form of analysis conclusions and events detection, alarming and reporting to multiple users (from the client’s side, according to their area of responsibility). All information and reports (even ad-hoc) can be accessed at any time, while for important events (Ex. Change of weather conditions, detection of potential mechanical problems etc) the respective user receives a message/email/etc. alert. METIS has also designed, developed and is producing Wireless and wired Intelligent smart devices installed in any vessel and used for collection, transmission and analysis of signals gathered by any equipment installed on customers’ vessels. METIS WIC (Wireless Intelligent Collector) device is the only one worldwide certified by Lloyds Register classification Society for “Collection, Transmission & Analysis of Vessel Performance Data”. For collection of weather-related data METIS has partnered with 3 independent weather forecast providers including Copernicus Institute in order to ensure data accuracy reliability and consistency. METIS applies a sustainable and highly scalable Business model: the company charges once-off fees for installation of software and equipment per vessel, with unlimited users.

Innovation & Scalability

METIS is the first company Worldwide to offer a Cyber Personal Assistant for Vessel Monitoring & Management. “METIS space” (the Cyber Personal Assistant) interacts with its human colleagues in plain English utilizing Natural Language Processing, dramatically decreasing the time required for daily decision-making, increasing reliability of information in areas such as: Operational Costs Control, Vessel Performance Analysis, Environmental Footprint, Engines and Cargo monitoring, Operation Safety, Regulatory Compliance. The maritime industry is generally characterized by slow adoption of technological advancements, which constitutes an impediment to advanced technological solutions. The shipping activity for many decades was lacking connectivity, as in the deep sea (oceans) there was no availability of broadband connection. Consequently, the adaptation of any digital technologies and particularly IoT based solutions were impossible to be applied. Recently (in the last 6 years), satellite internet connectivity has been at the disposal of global maritime. Now is the perfect timing for advanced technological solutions to be developed and applied in order for this traditional industry to increase effectiveness and optimize costs and environmental footprint.

Traction & achievements

Nov. 2016: Company Foundation, Jan. 2018: METIS appointed CIMAC member, Jan. 2018: Olympia Group (GERMANOS) acquires controlling interest in METIS, Apr.2018: METIS wins the Service Provider of the Year award @ the Green Maritime Forum (Hamburg), May 2018: METIS obtains the Official LLOYD’S REGISTER TYPE APPROVAL, Oct. 2019: ERMA FIRST investors, acquire the controlling stake that was previously owned by Olympia Group, Jan. 2020: JAN. 2020METIS wins the 2020 SMART4SEA Technology Award, Nov. 2020: METIS in the Top 10 most disruptive Maritime solution providers 2020, Dec. 2020: METIS wins the Lloyd’s List Big Data Award 2020

Team & Why Us

Establishment by 7 cofounders holding significant background and experience on subject, sharing a common vision: implementation of state-of-the-art technology powered by Artificial Intelligence at the disposal of global Maritime. Since 2019, the controlling interest of METIS is held by ERMA FIRST, the maritime focused environmental engineering group. An aggressive expansion Business Plan for the next 5 years, has been implemented by EY and funded by EBRD. This Plan is executed with significant accuracy and commitment. Already, over doubling of year-on-year Sales Revenue is being achieved. Global Sales team, includes people based in Athens, Hamburg, Singapore, Oslo, Vancouver, Dubai and soon at all major Maritime capitals.

Funding Needs

Our Expedited Business Plan 2021-2025 requires an additional Capital increase of EUR 10M, which will be covered by existing shareholders and new investors which are welcome.