Poseidon Ocean Systems

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Sustainable Aquaculture?
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Poseidon Ocean Systems, founded in 2015 and headquartered in Campbell River, British Columbia, Canada, is an aquaculture technology and engineering provider specializing in fish welfare and life support systems for the salmon farming industry. The company develops and offers a range of solutions aimed at improving fish welfare, reducing environmental impact, and increasing farm yield. Poseidon's product portfolio includes an integrated life support platform, integrated cage technology, water quality management products, and semi-closed marine aquaculture systems.

One of Poseidon's key technologies is the Flowpressor, an innovative compressor system designed specifically for the aquaculture industry. The Flowpressor has demonstrated significant reductions in energy consumption for off-grid fish farming systems, with reports of 50-60% reduction in algae inside pens, improved fish survival, and enhanced growth due to fewer lost feeding days. Another notable product is the Oxypressor, which helps with oxygenation of water on farms.

Poseidon's technologies are designed to create optimal environments for fish, defend against harmful organisms, reduce stress, and increase survival and yields. The company's solutions have been adopted by some of the world's largest salmon farmers. In July 2023, Poseidon partnered with Mowi Canada West to install and test novel technologies at Mowi's Monday Rock salmon farm off Vancouver Island, including 15-meter deep barrier shields, perimeter air bubble curtains, oxygen systems, and real-time environmental monitoring technology.

In March 2024, Poseidon completed a USD 20.75 million USD Series B funding round led by Ecosystem Integrity Fund, with participation from InBC Investment Corp. and Export Development Canada. The company plans to use this funding to expand its manufacturing capacity, deepen relationships with existing customers in Canada, Chile, and the UK, and explore new markets globally.

Key customers and partnerships

Poseidon Ocean Systems serves some of the world's largest salmon farmers, with customers in Canada, Chile, and the UK. In April 2024, the company announced a distribution partnership with Norway-based technology provider Fjord Miljø, allowing Poseidon to bring its life support and hybrid sea cage technology to new customers in Norway.

In May 2021, Scottish Sea Farms, one of the UK's leading salmon farming companies, began trials of Poseidon's Flowpressor system to protect its salmon from potentially harmful plankton. Poseidon has also worked with Cermaq Canada, deploying its Flowpressor aeration compressor systems at two of Cermaq's farm sites in British Columbia from May through November 2021.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1790 Perkins Rd. Campbell River BC CAN
Founded year:
2015
Employees:
11-50
IPO status:
Private
Total funding:
USD 24.8 mn
Last Funding:
USD 20.7 mn (Series B; Mar 2024)
Last valuation:
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