CMA CGM increases its investment in startup TRAXENS

The CMA CGM Group is pleased to announce that they have contributed to the capital increase of French startup TRAXENS.

Two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – are also part of the initiative. 

This capital increase will be dedicated to financing new research and development programs, as well as industrialization.

With 90% of the world’s commercial products being carried by sea, maritime transport is the main mode of transportation. CMA CGM, third largest shipping company in the world, carries over 12 million containers every year. The Group carries all types of products around the globe by sea, and by developing land and logistics solutions.

CMA CGM constant research for high-valued innovative solutions motivated the Group’s decision to reinforce its investment in the startup TRAXENS. With this cooperation, CMA CGM places itself as a precursor in the Big Data implementation in the transport field, and will offer its clients unique tracking solutions and real-time data collecting from all over the world.

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