Windward Ltd has developed AI-based software that enables real-time information about seafaring vessels to be transmitted to their owners. Windward has already spent $25m developing its technology. This is an enormous potential market.

Management argues that Windward is the only company that has complete coverage of security, safety, compliance, environment and ocean freight. Competitors operate in up to three of these segments.

The cash raised will fund further development and additional data sources, as well as helping to boost sales and marketing. The shares opened at 162.5p and ende...