ReelData AI, a company leveraging AI to provide customized data and automation to land-based farmers, has closed a US$8M Series A funding round led by Buoyant Ventures. The company’s first product – ReelAppetite – identifies real-time population appetite and adjusts feed levels to maximize biomass while limiting waste. Its latest offering is the only biomass estimation camera system built from the ground up for RAS and flow-through systems.
ReelData AI, a company that uses AI to provide customized data and automation for land-based farmers, has closed an $8M Series A funding round led by Buoyant Ventures. The round also saw investment from S2G Ventures and The Nest Family Office.
ReelData aims to use the funding to develop an autonomous operating system for land-based aquaculture, which is complex and requires real-time, accurate decision-making. The company’s first product, ReelAppetite, identifies real-time population appetite and adjusts feed levels accordingly to maximize biomass while limiting waste. This technology has helped companies save up to $2-3 million USD on wasted feed per 10,000 MT annual production, in addition to related savings generated from increased growth rate and reduced production risks.
ReelData’s latest offering, ReelBiomass, is the only biomass estimation camera system built from the ground up for RAS and flow-through systems. The ReelBiomass technology can monitor the size, weight, and distribution of fish populations with high degrees of accuracy, removing the need for intrusive weigh-ins which cause high levels of stress for the fish and ultimately decrease its growth rate.
Amy Francetic, Managing General Partner and Co-Founder of Buoyant Ventures, says “Our investment in ReelData represents our belief that advancing sustainable seafood production is critical for both the health of our planet and its people. We look forward to working closely with them on their mission to become the premiere digital solution for the land-based aquaculture industry.”
ReelData’s CEO, Mathew Zimola, commented “Scaling the global land-based aquaculture industry is critical in both our fight against climate change and our ability to feed a growing population. ReelData’s farmer-first approach has informed our deep understanding of the pain points that our partners are facing when it comes to scalability. Our ability to solve those problems through the use of AI and automation is helping to push the boundaries of our industry’s capabilities.”
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