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Aquabyte Closes $25M Series B Funding To Meet World’s Demand For Healthy, Sustainable Fish
Jul 13, 2022
Aquabyte, which uses computer vision and AI to give fish farms unprecedented insight into the health, growth, and sustainability of their fish, today announced the completion of its Series B financing of $25 million. The round was led by SoftBank Ventures Asia and will be used to continue Aquabyte’s mission of transforming aquaculture to meet the world’s demand for sustainable protein.
Why is farmed fish a solution to sustainable protein?
- Global overfishing has caused both freshwater and ocean fish populations to plummet to unsustainable levels.
- By 2050, it is estimated there will be a 50% protein gap worldwide. Farmed fish is the most sustainable and efficient protein source to fill that gap.
- Accordingly, fish farming is the fastest growing sector of food production in the world, accounting for over half of fish consumed today and over a quarter trillion dollars of annual production globally.
Aquabyte has built international, cross-disciplinary teams working at the intersection of fish welfare, AI, and groundbreaking engineering, using best practices drawn from world-renowned salmon farms in Norway.
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