UmiGarden system at a marine farm in Japan. (Photo: Umitron)
Aquatech start-up raises USD 8.2 million for research and development
SINGAPORE
Saturday, June 23, 2018, 02:50 (GMT + 9)
Aquatech start-up Umitron Pte. Ltd. announced it will uso the SGD 11.2 million (USD 8.2 million) it obtained in investment capital to strengthen its existing services as well as its research and development work.
The resources were supplied by Innovation Network Corporation of Japan, D4V (Design for Ventures), and angel investors.
Umitron is a data company for aquaculture, based in Singapore and Japan, that develops computerized sustainable aquaculture model by using technology such as IoT, satellite remote sensing and AI.
The goal of this emerging firm is to improve safety, eco-friendly, stable supply of aquatic resources and work environment in aquaculture by technology.
In June 2017, the firm released "UmiGarden," which was designed for feed optimization in aquaculture through a system that films fish in the water and measures their behaviour pattern. Through an algorithm, the system makes it possible to detect when the fish are really hungry so that producers can provide feed at the right moment and in the suitable quantity.
The firm founders believe in solving aquaculture issues with technology but recognises that the biggest challenge faced by the growing aquaculture industry is optimization of feeding.
The aquaculture feeding cost shares more than 50 per cent of total production. In addition, overfeeding beyond the amount required for fish appetite causes water problem such as eutrophication of the ocean and red tide.
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