Fishbrain is a Stockholm-based Artificial Intelligence (AI), data analytics and Internet of Things (IoT) company that has joined forces with 12M Ventures and Adrigo to create a consensus platform for the fishing industry. This platform is designed to provide fishermen with valuable insight into market trends, fishing locations, and fishing patterns. By leveraging the power of AI and IoT, Fishbrain seeks to make it easier for fishermen to make better decisions, leading to improved catch rates and higher sale prices for the fish they catch. This article will discuss the importance of Fishbrain’s agreement with 12M Ventures and Adrigo for the fishing industry, and explain how this partnership will benefit the sector as a whole.
Background on 12M Ventures and Adrigo
12M Ventures is a leading venture capital firm that specializes in investing in early-stage companies in the fishing and seafaring sector. The firm was founded in 2004 and has since made investments in over 20 companies. Adrigo is a venture capital firm specializing in the same sector. The company was founded in 2014 and has made investments in various companies, including those related to fish tracking, seafood traceability, and fishing routes.
The Benefit of the Fishbrain, 12M Ventures and Adrigo Agreement
The agreement between Fishbrain, 12M Ventures, and Adrigo will provide fishermen and vessel owners with access to a powerful platform that can help them optimize fishing operations. By leveraging AI and IoT, Fishbrain and its partners hope to provide fishermen with quick, accurate insight into how to efficiently find fish, how to most effectively target fish, and how to preserve fish stocks. This should enable fishermen to increase their catch rate, which in turn should lead to higher sale prices for the fish they catch and increased profits.
The platform is also designed to provide vessel owners with data-driven analytics that can be used to improve operational efficiency. This includes data on the condition of the vessel, the course of the voyage, and the cost of fuel and supplies. All of these data points can be used to help vessel owners optimize their operations and reduce costs.
How the Fishbrain Platform Works
The Fishbrain platform uses AI and IoT to track a variety of data points related to fishing vessels and the environment. This data is then used to construct models that can be used to identify patterns in fishing locations, target fish, and optimize journey routes. The platform also tracks environmental data, such as water temperature and oxygen levels, that can help fishermen choose the best areas for fishing. In addition, Fishbrain is also working on integrating drones into the platform, allowing fishermen to quickly scout locations from the air and make better decisions faster.
The partnership between Fishbrain, 12M Ventures, and Adrigo will be of great benefit to the fishing industry, providing fishermen and vessel owners with access to a powerful platform that can help them optimize their operations. By leveraging the power of AI and IoT, Fishbrain hopes to empower fishermen and vessel owners to make more informed decisions, leading to improved catch rates, higher sale prices, and increased profits. This agreement should help the sector as a whole, providing a much needed boost in a time of uncertainty.