Canadian government-backed Atlantic Canada Opportunities Agency led an investment in Global Spatial Technology Solutions.

Canadian government-backed Atlantic Canada Opportunities Agency, a regional development agency, led an investment in Global Spatial Technology Solutions, a provider of artificial intelligence solutions. Financial terms were not disclosed. "OCIANATM capabilities address a critical need in the maritime and logistics sector, as witnessed by the impact on global trade due to climate-based and global health events over the past two years. We are seeing an increase in the demand for OCIANATM and the vessel management capability it offers. As a result, our plans for commercial rollout have been accelerated. This funding from ACOA allows us to accelerate that process and continue to build the world's most powerful maritime AI capability right here in Canada, the country with the world's longest coastline," Richard Kolacz, GSTS CEO.