Victoria, BC, October 22, 2025 – MarineLabs, a leader in maritime weather intelligence technology, has raised a $4-million seed extension led by BDC Capital’s Sustainability Venture Fund with participation from InBC Investment Corp. (InBC), which invests in growing companies making a positive impact in British Columbia. 

MarineLabs delivers high-resolution real-time and historical wind, wave, and weather data and AI-driven forecasts from a North America-wide fleet of cloud-connected, rugged sensors. Harnessing the power of this sensor network, MarineLabs provides coastal weather intelligence that enables maritime operators to make critical decisions with confidence. 

The new funding will advance expansion of MarineLabs’ sensor network and drive go-to-market growth across North America. 

“MarineLabs is proud to be building Canadian-made technology that’s already making maritime operations measurably safer and more efficient across North America,” said Dr. Scott Beatty, Founder and CEO of MarineLabs. “With the support of BDC and InBC, we’re growing our network coverage and entering new markets to deliver even greater impact for the ports, pilots, and terminals that keep our economy moving.”

“We are pleased to support the MarineLabs team in the impactful work they’re doing to ensure safety and reliability of our coastlines, and the traffic through them. This aligns with our own mission to invest in the most innovative Canadian companies enabling sustainability in all industries,” said Anamika Mukherjee, Partner, BDC Sustainability Venture Fund.  

“MarineLabs’ coastal intelligence technology is strengthening maritime safety, enhancing operations and improving coastal awareness; all of which are critical to mariners in B.C., across Canada and internationally,” shares Evan Machin, Investment Associate at InBC. “InBC’s investment in MarineLabs is supporting the continued growth of a B.C.-based company, with innovation and IP developed here on Vancouver Island, that is globally competitive and transforming the future of maritime operations.”

Already active in four of Canada’s five largest ports, MarineLabs is helping maritime operators avoid costly and unnecessary downtime, while strengthening safety and climate resilience along coastlines. 

MarineLabs’ flagship product, CoastAware, sets a new benchmark in maritime weather intelligence by combining real-time data from its fleet of sensors with advanced data processing. The subscription platform delivers real-time and historical weather intelligence together with hyper-local, AI-powered 10-day forecasts, enabling ports, pilots, and other maritime operators to make more confident decisions, improve efficiency and safety, and minimize environmental impact.

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About MarineLabs
MarineLabs is a coastal intelligence company, whose data is transforming marine safety and helping to build climate-resilient coastlines. Founded in 2017, the B.C.-based company offers high-resolution real-time, historical, and forecast wind, wave, and weather intelligence as well as AI-driven insights from a North America-wide fleet of cloud-connected, rugged instruments.

About BDC

80 years as Canada’s bank for entrepreneurs

BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the most innovative firms. BDC’s development role means we are in a state of perpetual evolution – wherever entrepreneurs go and whatever the Canadian economy needs – we will be there to help them defy the odds. 80 years later, that commitment remains very much alive. Our financing and investments in fiscal 2025 will add an estimated $25 billion to Canada’s GDP over the next five years. We are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers, and the first financial institution in Canada to receive the B Corp certification in 2013. For more information on our products and services and to consult free tools, templates and articles, visit bdc.ca or join BDC on social media.

About InBC

InBC is a provincial Crown corporation and strategic investment fund investing in the growth of innovative B.C. companies and venture funds to benefit British Columbia. It is investing to generate financial returns alongside economic, social and environmental impacts for the province. To learn more: www.inbcinvestment.ca