Remora Robotics secures 164 million NOK in funding to enhance its autonomous cleaning robots for sustainable aquaculture, driven by strong investor confidence and growing market demand.
Target Information
Remora Robotics, a pioneering company in the field of aquaculture technology, has successfully raised 164 million NOK in a recent funding round. This capital will be instrumental in accelerating the deployment of its autonomous cleaning robot designed specifically for the aquaculture sector. The innovative solution merges automated net cleaning with AI-driven inspection capabilities, marking a significant advancement towards achieving a more sustainable and efficient fish farming industry.
By maintaining cleaner nets, Remora's technology significantly supports fish health, creating optimal conditions for gill health and reducing stress levels among aquatic life. Additionally, the robot minimizes the biological risks associated with conventional high-pressure cleaning methods and vessel operations surrounding fish pens. The resultant improvements include enhanced fish welfare, increased biosecurity, lower mortality rates, and a commitment to more sustainable production practices.
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Industry Overview in Norway
The aquaculture industry in Norway is a crucial component of the national economy, contributing significantly to both job creation and export revenues. With expansive coastlines and access to pristine waters, Norway
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Disclosed details
Transaction Size: $15M