A consortium of investors completed a $120m investment in OceanPal.

A consortium of investors, including Kraken, Proximity, Fabric Ventures, and G20 Ventures, completed a $120m investment in OceanPal, a global provider of shipping transportation services. "This is a public company launching as an active, strategic partner with the NEAR Foundation to advance a shared vision of universal AI sovereignty by leveraging the NEAR Protocol's vertically integrated AI products and rails, which were purpose-built for these exact use cases. We plan to use this decentralized, confidential compute infrastructure to capitalize on the explosive demand for privacy-first, regulatory compliant AI across enterprise markets including finance, healthcare, and media while enabling businesses and consumers to maintain control and ownership," Sal Ternullo, OceanPal Co-CEO.