Aquaculture tech startup raises USD 10 millon in funding

(06/12/19)

Aquabyte, the aquaculture startup employing computer vision and machine learning software to dramatically improve fish farming efficiency, today announced it has raised USD 10 million in Series A funding, co-led by existing investors Costanoa Ventures and New Enterprise Associates, Inc., (NEA), with participation from Alaya Capital Partners, Alliance Venture, Struck Capital, and other angel investors.

Fish farming represents the fastest growing food production sector in the world, presently a USD 240 billion global industry, and Aquabyte believes that now is the time to reduce its cost -- both environmental and financial.

By arming farms with underwater stereoscopic cameras that determine fish health, size, and optimal feed quantity, Aquabyte's products aim to reduce fish farm operational cost, decrease.......................................................


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