A Malta-based startup specializing in artificial intelligence for fish farming has raised $6 million in its first external round of financing.
The company, Aquaticode, plans to use the funds to accelerate technology that detects, identifies, and predicts relevant performance traits across multiple marine species.
It said it will debut in September two products capable of identifying gender in juvenile salmon through non-invasive methods.
“This funds will enable a transition from start-up to scale-up while maintaining a healthy balance between short-term operations and long-term R&D,” said company CEO Stian Rognlid.
Einar Wathne, Aquaticode advisor and chairman of Bergen-based NCE Seafood Innovation Cluster, said the company’s innovations “will enable farmers to produce more with less.”
Aquaticode is part of Nacre Capital, a venture builder for AI within the life sciences.