Moderne, the automated code refactoring and analysis company, announced it has closed $30 million in Series B funding led by Acrew Capital with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures

This financing will support XOCEAN in accelerating the growth of its platform servicing the offshore energy and civil hydrography sectors. It will also help enable the company's geographic expansion and product innovation efforts to meet the rapidly growing demand for high-quality data solutions across the blue economy.Founded in Ireland in 2017, XOCEAN has revolutionized offshore geophysical data delivery with its fleet of Uncrewed Surface Vessels (USVs). These USVs combine mission endurance, advanced sensors, real-time communications, and post-processing expertise to offer clients a flexible, cost-effective solution for the delivery of their offshore geophysical data needs. With a low-carbon, remotely operated fleet emitting just 0.1% of the CO2 of incumbent manned surveying vessels, XOCEAN aims to avoid millions of tons of carbon emissions over the next decade while achieving more than 30x the industry average in team gender diversity.Demand for ocean data services is projected to grow significantly over the coming decade as the blue economy becomes a greater focus for capital deployment. The offshore wind sector is a key factor in this growth, with global installed capacity projected to reach over 250GW (ex. China) by 2035, a more than 500% expansion relative to today

Strong valuation increase reflects adoption of lakehouse as the data and AI architecture of the future.