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Aquabyte recently announced that the international investment firm Vitruvian Partners has partnered up with the company as their new majority owner. They expect this move will drive the next phase of their growth and enable them to further establish Aquabyte and their AI-powered monitoring technology as the leading solution for fish farmers in all key regions globally, including Norway, Chile, Iceland, the Faroe Islands, Canada and Scotland.
Vitruvian Partners is a global growth-focused investment firm with ten offices in Europe, the US and Asia. Vitruvian focuses on dynamic situations characterized by rapid growth and change across industries. Vitruvian has over USD 20 billions of active funds which have backed many global market leaders and innovators in their sectors, including, Skyscanner, Wise, CFC, Darktrace and Bitdefender.
Vitruvian has a strong presence in the Nordics with an established office in Stockholm and a track record of seventeen investments across this region, including Accountor, Arrive (fkaEasyPark), Aspia, Aquabyte, Benify, CRF Health, Enfuce, Just Eat, Outpost24, and Scrive.
Strong Organic Growth and Commercial Momentum
During the last couple of years, they have experienced a strong organic growth and commercial momentum. This has been driven by their category-leading technology and reinforced by structural global tailwinds. The shift toward data-driven aquaculture continues to accelerate as farmers around the globe work to meet growing demand for sustainable protein, while addressing biological challenges and navigating tightening regulatory standards.
“Our mission is to transform aquaculture by materially improving fish welfare, productivity and sustainability through the use of artificial intelligence and machine learning,” said Steve Tucker, the CEO of Aquabyte.
And he added: “I am incredibly proud of the Aquabyte team and what we have built together, our progress to date is a direct result of their dedication, innovation and commitment to our customers. We have had the privilege of having a group of highly supportive shareholders along the way, and Vitruvian is an ideal partner for this next phase of our journey given their local Nordic presence, deep experience in scaling category-leading technology companies and long-term partnership mindset.”
Exceptional Platform
On the other hand, the new partners representative, Jussi Wuoristo, commented: “Aquabyte has built an exceptional platform addressing important challenges in global food production. We have been deeply impressed by the team, the sophistication of the technology and the value Aquabyte is delivering to many of the world’s leading salmon farmers. We are excited to support the Company’s continued innovation.”
BIM and Mowi Ireland Tested the Systems
After spending several years investigating, the use of cameras for biomass estimation and enhancing fish welfare, BIM (Bord Iascaigh Mhara) has partnered with Mowi Ireland to test Aquabyte systems in Irish salmon farming. “We have recently installed two Aquabyte systems at one of our fish farms in the south-west of Ireland,” says Clara McGhee, Interim Seawater Director of Mowi Ireland, in a conversation with BIM’s Regional Environmental Officer, Geoff Robinson.
The trial at Mowi Ireland commenced during the autumn of 2025, and the initial findings are promising. “It’s early days, but so far, we’ve been very impressed with the data and camera quality and the support we receive during setup and day-to-day operations from the Aquabyte team,” says Clara McGhee from Mowi.
The trial at Mowi Ireland, which is funded by BIM, allows the Irish salmon sector to test new AI-based camera technology that supports improved welfare and better production planning. “We’ve been looking at the use of cameras for biomass, and maybe fish welfare, and after coming across Aquabyte we decided it would be a good idea to try out this system. We then looked for project partners, and that is where Mowi came in,” says Geoff Robinson at BIM.
The post <em>Aquabyte</em> Joins Forces with <em>Vitruvian Partners</em> to Drive Growth of Its AI-Powered Monitoring Technology appeared first on Aquaculture Magazine.
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Vitruvian Partners is a global growth-focused investment firm with ten offices in Europe, the US and Asia. Vitruvian focuses on dynamic situations characterized by rapid growth and change across industries. Vitruvian has over USD 20 billions of active funds which have backed many global market leaders and innovators in their sectors, including, Skyscanner, Wise, CFC, Darktrace and Bitdefender.
Vitruvian has a strong presence in the Nordics with an established office in Stockholm and a track record of seventeen investments across this region, including Accountor, Arrive (fkaEasyPark), Aspia, Aquabyte, Benify, CRF Health, Enfuce, Just Eat, Outpost24, and Scrive.
Strong Organic Growth and Commercial Momentum
During the last couple of years, they have experienced a strong organic growth and commercial momentum. This has been driven by their category-leading technology and reinforced by structural global tailwinds. The shift toward data-driven aquaculture continues to accelerate as farmers around the globe work to meet growing demand for sustainable protein, while addressing biological challenges and navigating tightening regulatory standards.
“Our mission is to transform aquaculture by materially improving fish welfare, productivity and sustainability through the use of artificial intelligence and machine learning,” said Steve Tucker, the CEO of Aquabyte.
And he added: “I am incredibly proud of the Aquabyte team and what we have built together, our progress to date is a direct result of their dedication, innovation and commitment to our customers. We have had the privilege of having a group of highly supportive shareholders along the way, and Vitruvian is an ideal partner for this next phase of our journey given their local Nordic presence, deep experience in scaling category-leading technology companies and long-term partnership mindset.”
Exceptional Platform
On the other hand, the new partners representative, Jussi Wuoristo, commented: “Aquabyte has built an exceptional platform addressing important challenges in global food production. We have been deeply impressed by the team, the sophistication of the technology and the value Aquabyte is delivering to many of the world’s leading salmon farmers. We are excited to support the Company’s continued innovation.”
BIM and Mowi Ireland Tested the Systems
After spending several years investigating, the use of cameras for biomass estimation and enhancing fish welfare, BIM (Bord Iascaigh Mhara) has partnered with Mowi Ireland to test Aquabyte systems in Irish salmon farming. “We have recently installed two Aquabyte systems at one of our fish farms in the south-west of Ireland,” says Clara McGhee, Interim Seawater Director of Mowi Ireland, in a conversation with BIM’s Regional Environmental Officer, Geoff Robinson.
The trial at Mowi Ireland commenced during the autumn of 2025, and the initial findings are promising. “It’s early days, but so far, we’ve been very impressed with the data and camera quality and the support we receive during setup and day-to-day operations from the Aquabyte team,” says Clara McGhee from Mowi.
The trial at Mowi Ireland, which is funded by BIM, allows the Irish salmon sector to test new AI-based camera technology that supports improved welfare and better production planning. “We’ve been looking at the use of cameras for biomass, and maybe fish welfare, and after coming across Aquabyte we decided it would be a good idea to try out this system. We then looked for project partners, and that is where Mowi came in,” says Geoff Robinson at BIM.
The post <em>Aquabyte</em> Joins Forces with <em>Vitruvian Partners</em> to Drive Growth of Its AI-Powered Monitoring Technology appeared first on Aquaculture Magazine.
Read more...