Fenwick & West represented Aquabyte, the aquaculture startup employing computer vision and machine learning software to dramatically improve fish farming efficiency, in its $10 million Series A financing, co-led by existing investors Costanoa Ventures and New Enterprise Associates, Inc., (NEA), with participation from Alaya Capital Partners, Alliance Venture, Struck Capital and other angel investors.
With the new funds, Aquabyte will accelerate product development by doubling its team and expand into new geographies including Scotland, Canada and Chile. It will also grow its product line to include estimating fish appetite and quality, predicting sea lice outbreaks and automating feeding. More information about Aquabyte’s $10 million Series A financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate lawyers Dan Dorosin, Noah Johnson and Han Ko.