Open Ocean, a French-based startup, has announced plans to double its workforce by 2016 and set up a foreign office in Brazil.
Open Ocean has raised funds in the amount of €1.6 million from Seventure Partners, Cap Decisif Management, Force 29, and BPI France, Open Ocean’s press release reads.
The company plans to use the funding for internationalization strategy, and to further expand its staff.
Renaud Laborbe, Open Ocean’s Executive Chairman, said: “The funds we raised give a boost Open Ocean’s development, especially for our internationalization strategy.”
The company expects to expand its team with 10 new members by June 2016.
Open Ocean is a Paris-based company with research and development center in Brest.
Its team specializes in high resolution numerical modeling, statistical analysis and data mining, and offers services for the marine renewable energy.
Image: Open Ocean