What does Ace Aquatec do?
Ace Aquatec is a welfare-first aquaculture technology company that develops AI camera systems for tracking fish weights, detecting health issues, and monitoring individual fish across multiple species. The company also produces humane electric slaughter systems for both farmed and wild fish.
How much did they raise?
The company raised a total of £10M, comprising £7.5M in equity funding and an additional £2.5M in debt financing. The round was led by Stolt Ventures and included participation from Scottish Enterprise and Aqua-Spark.
What are their plans for the money?
The funds will be used to develop data-driven tools that provide actionable insights to improve fish welfare and operational performance for farmers globally. Ace Aquatec also plans to create 15 new roles and expand its presence in Scotland, Chile, and South America.
What have they achieved so far?
Ace Aquatec has already deployed its innovative AI camera technology, which tracks fish weights and health indicators, thereby setting a strong foundation for improving aquaculture practices.
