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Investor briefing

We’re building the world’s most experienced captain.

It starts with one chart and one routing engine, live on boaters’ phones today. The same stack is now going into the fleet office and aboard the boat.

  • Navigation live
  • Fleet in pilot
  • HelmLink in beta
  • Co-Captain in development
Pathr Navigation · the boater, abovePathr Fleet · the office, below (demo fleet, simulated)
Registered recreational vessels in the US
11.7M
USCG · Recreational Boating Statistics 2024
US recreational boating retail spend, 2024
$55.6B
NMMA · 2024 Industry Sales by Category and State Report
Global recreational marine navigation software market, 2025
$8.2B
Mordor Intelligence · 7.48% CAGR to $11.8B by 2030
Maritime tech startups using AI
45%
Flagship Founders · Global Maritime Tech Startup Map 2025 · up from 27.5%

From the founder

I’ve been sailing since I was a kid. I’ve also spent my career as a flight test engineer on safety-critical autonomous systems. I live in both worlds, and the gap between them is striking: aviation has world-class mobile tools for planning, weather, and automation; marine navigation is still stuck on outdated chart plotters, disconnected apps, and manual workflows. There’s no technical reason for that gap. I’m testing Pathr on my own Catalina 38. The same systems-engineering discipline I learned qualifying autonomous aircraft is how we’re closing it.

Lucas WrightFounder & CEO, SmartSail
San Diego Business Journal“SmartSail Giving Boaters Aviation-level Navigation Tools”Read the article

The thesis

Every modern vertical got an integrated workflow. Boating got a chart.

The chartplotter ran the helm for thirty years, and the apps that followed are chart-shaped: useful, fragmented, interchangeable. The real work still lives in browser tabs, spreadsheets and the captain’s head.

Pathr’s bet is the integrated workflow, built on one chart and one routing engine and shipped one seat at a time.

The strategy

One stack, three seats.

We are not building four companies. We built one stack, and we take it to one seat at a time. Each step reuses what is already built and adds only what it needs.

04 · The intelligence on top

Co-Captain

In development

Will reason across all three seats: the chart, the routes, the traffic, the weather and the boat.

  • The Pathr app with a route planned across San Diego Bay

    01 · The boater’s phone

    Pathr Navigation

    Live

    Routes planned for your boat, and charts that work with no signal.

    Reuses
    Public NOAA chart data, AIS and weather.
    Adds
    The stack itself, and a free app for iPhone and Android.
  • 02 · The operator’s office

    Pathr Fleet

    Pilot program

    Every boat in a rental, charter, club or school fleet on one chart.

    Reuses
    The chart, the routing engine and HelmLink hardware (in beta testing).
    Adds
    The fleet dashboard and route dispatch, with cellular tracking next.
  • Pathr appTWO-WAYHelmLinkNMEA 2000GPSEngineFuelBatteryAutopilotIn testing

    03 · The boat

    HelmLink

    In beta testing

    A small hardware bridge to the boat’s own NMEA 2000 network. Steering in testing.

    More on HelmLink
    Reuses
    The same HelmLink hardware as Pathr Fleet, and the routing engine.
    Adds
    The owner’s own instruments in the Pathr app, for beta testers now. Steering on Raymarine Evolution autopilots, in testing.

The Pathr stack · Built once

Under every seat

  • The chart and data backbone

    Official NOAA chart data in Pathr’s own chart, usable with no signal.

  • The routing engine

    Depth-aware routes, planned around each boat’s draft.

  • Live AIS and weather

    Traffic, wind, waves and radar on the same chart.

  • The vessel profile

    Each boat’s draft and beam, and through HelmLink, its own instruments.

Why it matters: Pathr owns its chart and its routing engine, so each new seat starts most of the way built.

Book a 30-min meeting

The operator’s office, Pathr Fleet

Pilot program

Every boat in a fleet, on one chart.

Fleet operations software for boat rental and charter operators, boat clubs and sailing schools: where every boat is, who is running late and what needs attention, read from each boat’s own instruments by a HelmLink on board.

  • Overdue alerts
  • Trip playback
  • Engine hours without logbooks
  • Maintenance before the next charter
  • Route dispatch
Pathr Fleet in the interactive demo, with a simulated fleet: the fleet overview on Pathr’s chart of San Diego Bay, with each boat’s status and alerts, Sea Lark under way, and Tern at anchor, overdue by 25 minutes.
Shown: the interactive demo, with a simulated fleet. With route dispatch the office plans, and the captain reviews, accepts and stays in command. The office never steers the boat or the autopilot.

Why fleets come second

  1. 01They already pay for software.
  2. 02Every boat they run gets a HelmLink.
  3. 03One customer, many boats.

The 60-day Pathr Fleet Pilot

Pricing on a call

  • Up to five boats
  • HelmLink hardware
  • Cellular tracking
  • The dashboard and onboarding

Open to a small number of rental and charter operators. Units in the field upload their readings over Wi-Fi today, and every unit will ship with a cellular modem, pilot units included. Booking software integrations are planned.

The intelligence on top, Co-Captain

In development

It won’t guess the boat. It will read it.

Co-Captain is the AI co-pilot we’re building on top of the stack. It will reason on the data Pathr already runs: the chart, the routing engine, AIS traffic, the weather and your vessel profile.

Not ChatGPT for boating. Co-pilot, not autopilot. You’re still the captain.

  1. The night before

    Will brief you before you cast off.

    The forecast read against your boat, your route and your experience.

  2. Underway

    Will watch what you can’t.

    Traffic closing from your blind side, wind backing, a shoal near your next turn.

  3. When the plan changes

    Will re-plan with you, not at you.

    A different anchorage or an earlier turn, with the tradeoffs spelled out. You decide.

  4. Back at the slip

    Will look after the boat between trips.

    Engine hours, oil and batteries, with what’s due flagged early.

Pathr Co-CaptainSample

When the plan changes · Saturday, 3:08 PM

“Wind backed southwest earlier than forecast, so your planned anchorage will be a lee shore by 6 PM. I’d move 0.6 nm north into the cove: same depth, sand bottom, good holding. Want me to re-plan the route?”
Drawn from
  • Forecast
  • Chart
  • Your route

Illustrative samples. Co-Captain is in development and not available yet.

The flywheel

Every trip feeds the stack.

Public chart data is the same for everyone. What no chart has is how boats are actually used. Every Pathr trip and every fleet boat on a HelmLink adds that, boat by boat, and it is what will make the routing sharper and Co-Captain possible.

  1. 01

    Trips

    Boaters log trips in Pathr. In Pathr Fleet, every boat carries a HelmLink.

  2. 02

    Data

    The routes boats really take, the conditions they meet, the hours their engines run.

  3. 03

    A sharper stack

    Better routes and alerts, and the context Co-Captain will need.

  4. 04

    More boats

    Sharper tools bring more boaters, and more fleets.

And back to trips, with a sharper stack.

Why now

Three inflections. One window.

  1. 01 · The customer

    Boating’s app-native moment.

    A weekend trip still runs on a chartplotter, weather sites and four or five apps. The owners buying boats now expect software that works like everything else on their phone.

  2. 02 · The AI

    Vertical agents finally work.

    Models can now reason over a vessel profile, live traffic, a forecast and a route at the same time.

  3. 03 · The data

    Marine data is finally queryable.

    NOAA charts, depth data, live AIS and satellite weather are now public and cheap to ingest. Turning them into depth-aware routes planned around each boat’s draft is the hard part, and that is the engine we built.

The window

The money went to bookings. The water is still open.

In December 2025 two of the largest peer-to-peer boat rental marketplaces announced a merger, with more than half a billion dollars in bookings between them to date. In June 2026 a growth equity firm made a strategic investment in a major US marina booking platform. Both bets decide who books the slip and who rents the boat.

Before the lines come off
Marina booking, rental marketplaces
Money moved
Once the lines come off
The owner’s navigation, the boat’s data, the operator’s live fleet
Pathr

That second row is the layer Pathr builds.

The team

Three founders. The stack needs all three.

Safety-critical flight test, geospatial and cloud systems at commercial scale, and product development from concept to commercialization. Based in San Diego, on the water we chart.

Lucas Wright

Founder & CEO, SmartSail

  • Chris Netten

    Co-founder

    Software, Systems, Scale

    • Founding engineer at an automation startup acquired by a $1B+ technology company
    • Full-stack geospatial engineer and IoT systems architect
    • Built remote-control hardware and cloud systems at commercial scale
  • Will Gwinn

    Co-founder

    Hardware, Strategy, User experience

    • Award-winning product developer, from concept to commercialization
    • Rapid and frugal prototyping expert
    • Pre-Series startup experience

Investor briefing

The world’s most experienced captain, one seat at a time.

We’re meeting with the operators, partners and investors building the next decade of marine software. Thirty minutes on Lucas’s calendar, no deck required.

Prefer email? team@smartsail.ai