Aquaculture automation start-up ReelData AI nabs USD 8 million investment

Automated feeding software firm ReelData AI has received a USD 8 million (EUR 7.4 million) through a Series A funding round backed by Buoyant Ventures, S2G Ventures, and The Nest Family Office.

Halifax, Nova Scotia, Canada-based ReelData was founded in 2018 with the goal of providing software solutions to increase the profitability, sustainability, and scalability of land-based aquaculture. Its SAAS products include artificial intelligence-informed feeding systems, biomass estimation, and health and stress analytics. It is a key technical partner of Swiss Blue Salmon and Salmon Evolution, providing artificial intelligence solutions to support the companies’ land-based salmon farms.

The new funding will be used to advance the company's work using ... 

Photo courtesy of ReelData