Company Research Report: ReelData AI

Company Overview

• Name: ReelData AI

• Mission: Maximize Growth, Minimize Costs, and Reduce Risk in land-based aquaculture through cutting-edge AI solutions.

• Founded by: No information is available on the founders or the founding year.

• Key People:

• Matthew Zimola, CEO

• Ohad Maiman, Board Member

• Bruce Ferguson, Principal Machine Learning Engineer

• Headquarters: Halifax, Nova Scotia, Canada

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Advanced AI solutions for land-based aquaculture focusing on smart feeding, biomass monitoring, and environmental control.

Products

ReelData AI offers a suite of innovative products designed to optimize the operations of land-based aquaculture farms. Key products include:

1. AI Smart Feeding

• Description: A fully automated feeding system that assesses real-time appetite levels and adjusts feed accordingly to reduce waste and increase biomass.

• Key Features:

• Real-time population appetite identification

• Automatically adjusts feed levels

• Minimizes feed waste

2. AI Biomass Monitoring (ReelBiomass)

• Description: Provides autonomous, non-intrusive, and highly accurate biomass estimation to streamline operations and optimize market alignment.

• Key Features:

• Rapid biomass estimation within hours

• Non-intrusive and autonomous operation

• Actionable insights for market alignment and operational efficiency

3. AI Cameras

• Description: Multi-functional AI cameras designed for advanced fish behavior monitoring and feed count, also ideal for standard surveillance uses.

• Key Features:

• Fish behavior monitoring

• Feed count capability

• Integrated standard IP camera functions

4. ReelStress

• Description: A tool for maintaining optimal environmental conditions through comprehensive analysis of feeding patterns and water quality data to prevent stress.

• Key Features:

• Real-time stress trigger identification

• Optimization of aquaculture environment

• Ensures biological performance

5. ReelHealth

• Description: Uses advanced imaging techniques from ReelBiomass to detect health issues and ensure fish health maintenance through early detection and intervention.

• Key Features:

• Detection of stress, maturation, and disease

• Enables proactive health management

• Reduces mortality rates

Recent Developments

• New Products Launched:

• ReelVision: An everyday IP camera purpose-built for AI applications in aquaculture, cost-effective and scalable for industry use.

• New Features:

• No information is available regarding specific new features added to existing products.

• New Partnerships:

• Appointment of Ohad Maiman to the Board of Directors is a strategic move possibly indicating an expansion of leadership and industry connections.

• Investments:

• Announced an $8M USD Series A round to advance its AI technologies and market reach.

• Received a $250,000 investment from the Canadian Government to establish a production facility for building a camera system to pair with AI software for aquaculture.

Additional Insights

• Achievements:

• ReelData’s first product, ReelAppetite, achieved an 80% reduction in wasted feed and a 20% increase in biomass for aquaculture operations.

• Economic Impact:

• Part of a $1M investment from the Canadian Government to support Nova Scotian companies driving growth and sustainability in the ocean sector.

• Industry Trends:

• Increasing focus on leveraging AI for predictive data analytics in aquaculture to improve operational efficiencies, reduce costs, and ensure sustainable growth.

• Market Positioning:

• Positioned as an innovator in the aquaculture industry, offering a comprehensive AI platform that provides integrated solutions for land-based fish farming operations.

ReelData AI stands at the forefront of integrating AI solutions to transform aquaculture, with a strong emphasis on sustainability and profitability for its clients.