Seafood investor Bluefront Equity has invested in aquatech company Spillfree Analytics AS, which supports fish farmers with analysing and improving feeding processes.
Spillfree develops and offers tools and tailor made software for biological optimisation and feeding in aquaculture production.
“The solutions offered by Spillfree offers will be instrumental in the ongoing industrialisation of the aquaculture industry,” said Simen Landmark, partner at Bluefront Equity.
”Spillfree can, through video and data analysis, contribute towards delivering word-class feeding performance, with lower costs for the fish farmer, improved fish growth and minimal impact on the marine environment. This powerful combination makes Spillfree a perfect fit for Bluefront.”
Building sustainability
Spillfree’s product portfolio includes the analytics tool VideoTools, which is tailored for optimising feeding performance; AquaTools, which is a decision-support tool for optimising biological and economic benefits of aquaculture production; DrawTools, which simulate feeding situations and LearnTools, which consists of interactive online courses for feeding training and skills development.
“We estimate that less than five percent of the world’s fish farming facilities today utilise software and artificial intelligence to optimise their feeding processes. The remaining 95% use a combination of visual observation from the edge of the fish cage and video-assisted manual surveillance from a control room,” said Vidar Myhre, managing director, Spillfree.
”Our objective is to fully automate most of the analytics operations that are today carried out manually. New capital from Bluefront Equity will allow us to implement these plans even more quickly.”
Bluefront Equity’s capital injection into Spillfree will be used to further develop the software that customers utilise, plus to further increase efforts to capitalise on artificial intelligence (AI) to automate the analytics work involved with fish feed and improve operational results.
The next generation tools are under development and the first modules will be launched in 2023.
