Aquabyte joins forces with Vitruvian Partners

Aquabyte has entered a new chapter, with Vitruvian Partners acquiring a majority ownership stake in the company. The transaction brings in a global growth-focused investor as Aquabyte continues to expand its AI-powered monitoring platform for aquaculture.

Headquartered in Bergen, Norway, and San Francisco, Aquabyte has built a technology platform designed to improve fish welfare, productivity, and sustainability through artificial intelligence and machine learning. Its systems support salmon farmers in addressing key operational challenges, including biological performance, sexual maturation, and smolt welfare, while enabling more data-driven decision-making across the production lifecycle.

The company has experienced strong organic growth in recent years, driven by increasing demand for sustainable protein and a structural shift toward digitalization in aquaculture. Adoption has expanded across major salmon-producing regions, including Norway, Chile, Iceland, the Faroe Islands, Canada, and Scotland.

“Our mission is to transform aquaculture by materially improving fish welfare, productivity, and sustainability through the use of artificial intelligence and machine learning,” said Aquabyte’s CEO Steve Tucker. “Vitruvian is an ideal partner for this next phase of our journey, given their local Nordic presence, deep experience in scaling category-leading technology companies, and long-term partnership mindset.”

Jussi Wuoristo, Partner at Vitruvian Partners, said the firm was drawn to Aquabyte’s technology and market position. “Aquabyte has built an exceptional platform addressing important challenges in global food production. We have been deeply impressed by the team, the sophistication of the technology, and the value Aquabyte is delivering to many of the world’s leading salmon farmers.”

Vitruvian Partners is headquartered in London and operates ten offices across Europe, the US, and Asia. The firm manages more than $20bn in active funds and focuses on high-growth companies operating in dynamic sectors. It has a strong Nordic footprint, with an office in Stockholm and a track record of 17 investments in the region.

The partnership is intended to provide Aquabyte with additional capital and strategic support as it continues to scale internationally and invest in product development, talent, and customer relationships.