US cloud computing guru Marc Benioff is one of the new investors in maritime risk analysis company Windward.

The Tel Aviv operation said it had raised $16.5m in its latest funding round, bringing the total since its inception to $38.9m.

San Francisco-based insurance technology fund, XL Innovate, led the round, with existing investors Horizons Ventures and Aleph, also participating.

Salesforce chairman and CEO Benioff was one of a number of individuals that took part, Windward said.

Tom Hutton, XL Innovate managing partner, will become a board director.

Windward said it would use the money to strengthen its position within the marine insurance market and continue to develop and roll out its products, hire "top talent" and expand its London office.

Windward co-founder and CEO, Ami Daniel, said: "If there's one investor you want to work with in insurtech, it's XL Innovate. We know they only back the most promising, scalable technologies in the space.

"We're delighted they chose us and look forward to putting their funds and expertise to good use, to offer our unique analytics and prediction tools to marine insurers around the world."

Hutton added: "We've had the pleasure of working with Ami and Windward for two years, believing a large opportunity existed for them in marine insurance.

"Today, Windward has established itself as the industry leader in marine risk analytics, earning the trust of governments and law enforcement agencies globally - and now expanding into insurance. We look forward to supporting Windward further, with our new equity investment complementing our existing commitment of time and resources."

In April, Windward appointed former BP CEO Lord Browne to its board.

The oil man invested in Windward in 2016 and had been advising the company on strategy, including its push into London and the global marine insurance market.

Windward was formed in 2010 and also counts former CIA director David Petraeus as an investor.

Windward told TradeWinds in December that its artificial intelligence for accurately predicting vessel accidents is already a reality that can successfully spot risky ships and potentially help improve loss ratios for marine underwriters.

Over the past year, the Israeli company has built the “big data” capability to assess and rank the risk for every vessel in the world, which is about 180,000 relevant ships.