Aquabyte, a Norwegian aquaculture monitoring startup with operations in the UK and Chile, raised US$10m from undisclosed investors. Alaya Capital made an undisclosed investment in Aquabyte in 2019.
(IntraFish) Aquabyte, the aquaculture tech startup with bases in Bergen, San Francisco and Puerto Montt, raised NOK 89 million (€8.5 million/$10 million) to tap into more markets.
The company is interested in extending its technology from Norway, Chile and the United Kingdom, to Canada, the Middle East, the United States and Asia, Aquabyte Founder and CEO Bryton Shang said on LinkedIn.
In October, Aquabyte hired Hans Runshaug to manage its new office in Bergen which now includes a testing facility and demonstration room to entertain customers.
Aquabyte sells machine-learning technology related to automatic lice detection, biomass estimation and fish-health detection.
Last summer, the company raised $10 million (€8.5 million) in Series A funding to help it accelerate product development by doubling its team and expanding into Scotland, Canada and Chile.