MOBILE, AL — March 10, 2023 — Port City Maritime Tech, a leading provider of innovative technology solutions for the maritime industry, announced today that it has raised $8 million in new funding. This investment will enable the company to further develop its cutting-edge products and expand its market reach. The funding round was led by a group of prominent venture capital firms, who recognized the vast potential of Port City Maritime Tech's solutions to transform the maritime industry. With this new funding, the company plans to accelerate the development of its artificial intelligence-powered navigation systems and enhance its data analytics capabilities. Port City Maritime Tech's technology has already gained significant traction in the industry, with several major shipping companies adopting its solutions to improve efficiency and reduce costs. The company's founder and CEO, John Smith, expressed his gratitude to the investors and emphasized the company's commitment to delivering innovative solutions that meet the evolving needs of the maritime industry. The new funding will also enable Port City Maritime Tech to expand its team and establish strategic partnerships with key industry players. As the company continues to grow and innovate, it is well-positioned to capitalize on the increasing demand for digital solutions in the maritime sector. About Port City Maritime Tech: Port City Maritime Tech is a technology company based in Mobile, AL, that develops innovative solutions for the maritime industry, including AI-powered navigation systems and data analytics tools.