More than 3 billion people globally rely on seafood for protein, and the aquaculture industry is booming, with 89% of aquatic animals produced for human consumption. Startups like Wittaya Aqua in Canada are leveraging AI technology to help seafood farmers boost production and sustainability.
Wittaya Aqua’s data-driven platform consolidates data points across the seafood supply chain to enhance profitability and efficiency. The startup recently raised $2.8 million in a seed round to expand its platform into Asia, the largest aquaculture-producing region. The CEO, Evan Hall, emphasized the potential for growth in Southeast Asia through data-driven practices.
The company uses AI and machine learning to forecast animal growth, recommend feed types, and optimize feed quantities based on real-time data. This technology allows farmers to make informed decisions to maximize crop yields. Wittaya Aqua’s platform addresses the industry’s historical issues with fragmented and slow-moving data by consolidating information from various supply chain points into a centralized platform.
By providing a unified view of data, Wittaya Aqua enables stakeholders to make better decisions and improve performance at every level. The startup’s customers include ingredient suppliers, feed mills, and farmers, with plans to expand further. Wittaya Aqua stands out from its competitors by combining nutritional information with field performance, offering a unique approach to animal performance modeling.
In the future, Wittaya Aqua aims to reduce credit and insurance risks related to production mortality for farmers. The company plans to connect users with lenders and insurers to provide customized financial products. With 16 staff members spread across Canada and Singapore, Wittaya Aqua is poised to revolutionize the aquaculture industry with its innovative approach to data analytics and sustainability.
