What is Aquabyte?
Founded in 2017 and headquartered in San Francisco, California, Aquabyte offers a sophisticated software platform designed to optimize and improve the efficiency of fish farming operations. By leveraging technology, the company addresses key challenges within the aquaculture sector, aiming to make fish farming more sustainable and productive. The company's focus on data-driven insights and operational improvements positions it as a key player in the evolving landscape of modern agriculture and food production.
How much funding has Aquabyte raised?
Aquabyte has raised a total of $38.5M across 3 funding rounds:
Angel/Seed
$3.5M
Series A
$10M
Series B
$25M
Angel/Seed (2018): $3.5M with participation from Princeton University
Series A (2019): $10M led by New Enterprise Associates and Costanoa Ventures
Series B (2022): $25M supported by SoftBank Ventures Asia, Westerly Winds, New Enterprise Associates, ArcTern Ventures, The Nature Conservancy, and Costanoa Ventures
Key Investors in Aquabyte
SoftBank Ventures Asia
SoftBank Ventures Asia is the early-stage venture capital arm of the SoftBank Group, specializing in ICT investments including AI and IoT. They aim to invest in early to growth-stage startups with strong global business potential and integrate them into the SoftBank ecosystem.
New Enterprise Associates
New Enterprise Associates (NEA) is a venture capital firm established in 1977, focused on empowering entrepreneurs to build successful businesses. They provide strategic backing and resources to companies across various stages of growth.
ArcTern Ventures
ArcTern Ventures is a venture capital firm that has been investing in entrepreneurs focused on addressing climate change and sustainability since 2012, seeking startups that provide solutions to carbon problems and sustainability issues.
What's next for Aquabyte?
The recent major strategic investment in Aquabyte signals a pivotal phase for the company, likely enabling accelerated product development, market expansion, and further technological innovation. With a total funding base of $38.5M, Aquabyte is well-positioned to scale its operations and deepen its impact on the global aquaculture industry. Future endeavors may include enhancing its platform's AI capabilities, expanding into new geographical markets, and forging strategic partnerships to further its mission of improving fish farming efficiency and sustainability. This capital infusion is expected to drive significant advancements in how aquaculture is managed worldwide.
See full Aquabyte company page
