Pole Star’s PurpleTRAC Wins Dream Big Category at Shield in the Cloud Challenge

The challenge is aligned with Goal 16 of the United Nations’ global sustainable goal to promote just, peaceful and inclusive societies. This Goal seeks to hold institutions and governments accountable and transparent. It also aims to eliminate bribery and other forms of political and corporate corruption.

  • The Shield in the Cloud challenge has been launched by C5 to identify best-in-class technology that combats global, political and corporate corruption, and promotes good governance. The Challenge is supported by Amazon Web Services (AWS), PeaceTech Lab, and SAP NS2.

  • Pole Star are honoured to win in the Dream Big category for PurpleTRAC - a comprehensive sanctions compliance screening and vessel tracking solution for organisations that have exposures to shipping and cargoes and need to know who, what and where they are trading with at all times.

The challenge is aligned with Goal 16 of the United Nations’ global sustainable goal to promote just, peaceful and inclusive societies. This Goal seeks to hold institutions and governments accountable and transparent. It also aims to eliminate bribery and other forms of political and corporate corruption.

Receiving the award is Simon Ring, Head of Financial Markets at Pole Star, who said: “Winning this award means the world to the team at Pole Star, and to win in the Dream Big category is very apt. At Pole Star we dream big: with a vision to become the digital eyes and ears of the seas, making maritime trade safe, transparent and compliant."

The winners will be given AWS cloud credits and granted a place at the PeaceTech Accelerator in Washington D.C., where they will further develop their products under the guidance of C5, AWS, SAP NS2 and PeaceTech Lab mentors. As part of the eight-week accelerator program, they will be supported by a highly experienced group of prominent international technology entrepreneurs, business leaders, investors and peace innovators. Best-in-class technical training is delivered by AWS solutions architects.

Georgina Callander, Director, Cloud Leadership Centre, said: “The variety of ways in which companies, charities and governments are innovating to increase transparency and to combat corruption is fascinating, and each of these candidates showcase a cloud-based tech-led initiative which has the potential to become a benchmark among peers and across different industries.”

The winners of the first Shield in the Cloud challenge were announced at a Gala ceremony in Washington DC on 27th February 2018.

 

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About Pole Star

Pole Star is a privately owned UK technology company providing vessel monitoring, regulatory compliance & risk management services to the shipping industry for 20 years. From our headquarters in London, and via a network of offices located at key international hubs, we have earned a reputation as one of the leading providers of remote fleet monitoring, risk management, ship security, Long Range Identification and Tracking (LRIT) and fisheries monitoring services.

PurpleTRAC is a sanctions screening tool used by banks, governments, and other stakeholders to ensure trade compliance.

Find out more at www.polestarglobal.com.

 

About C5

C5 Capital Limited (“C5”) is a family capital-backed technology investment firm focused on innovating security. C5 is a specialist investor in private businesses in technology, global security and data sectors, and niche sectors such as cyber security, biometrics, detection, and communications companies based in Europe. C5 Capital Limited is a venture capital firm specialising in providing growth and equity capital.

The investment team is led by experienced executives who are known for their performance, resilience, agility, discretion and integrity.  Their work is enhanced by a unique network of strategic partners known for their leadership in the fields of technology, industry, geopolitics, academia and government.

C5 builds long-term partnerships with committed investors who share a passion for creating value by investing in security, innovative founder teams who want to grow their businesses to their full potential and global companies who want to maintain an edge with innovation. C5 tailors its investment approach to the unique needs of each situation, and we are comfortable investing across the life cycle of our target sectors.

C5 Cyber Partners is a specialist investment team dedicated to private equity investment in EMEA-based cyber security companies and venture capital investment in data analytics companies.  

C5 Cloud Partners is an investment vehicle focused on cloud computing-focused companies in Europe, the Middle East and Africa.

C5 Accelerate has developed a Cloud Accelerator Cluster in Europe, the Middle East, and Africa alongside Amazon Web Services. Its mission is to accelerate best-of-breed startups throughout EMEA to meet the growth opportunity being created by the geographic expansion of AWS, the world’s leading cloud computing platform.

Headquartered in London, C5 also has offices in Washington D.C., Bahrain Luxembourg.

For more information on C5 Capital, please visit: www.c5capital.com  

For more information on C5 Accelerate, please visit: www.c5accelerate.com / Twitter: @c5accelerate / Instagram: c5.accelerate