Recently, Aquabyte's fish welfare monitoring system gained approval from the Icelandic Authorities.
Aquabyte
Aquabyte Inc. has confirmed its partnership with Vitruvian Partners to continue investing in its AI-powered real-time monitoring technology for the aquaculture industry and in its workforce.
Vitruvian Partners, an international private equity firm headquartered in Europe, has acquired a majority ownership stake, while existing institutional investors, management, and key employees continue to hold significant minority stakes.
In March, Aquabyte launched a new product called 'Aquabyte Behaviour', which monitors swim speed, swim tilt, and the breathing index of farmed fish. This allows fish farmers to reduce biological and technical risks.
With this move, the aquatech company aims to expand its smart monitoring tools to help producers adopt smarter, data-driven technologies and improve operational outcomes.
"We have had the privilege of having a group of highly supportive shareholders along the way, and 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," assured Steve Tucker, CEO of Aquabyte.
Additionally, Partner at Vitruvian Partners Jussi Wuoristo said: "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. We are excited to support the Company's continued innovation."
