SafetyNet Technologies

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Conservation Tech?
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Growth
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SafetyNet Technologies is a London-based company that designs precision fishing devices.


SafetyNet's product, Pisces, improves the selectivity of fishing gear by using colored LED lights to attract target species while reducing unwanted bycatch by up to 90%. The company's focus markets are the UK, EU, US, Canada, and Australasia, and it has expanded to countries in Latin America and Southeast Asia to conduct trials.


The company also offers CatchCam, an underwater video camera with more than four days of battery life and wireless operation. The CatchCam allows fishermen to film their gear at depths of up to 300 m (~164 fathoms). It can record over 100 hours of footage on a single charge. Its advanced version, CatchCam Deep, can withstand depths of up to 800 meters. The CatchCam Lamp is designed to work with the CatchCam camera, allowing commercial fishermen to monitor their fishing operations at virtually any depth.


The company's Enki sensor system consists of three parts: a sensor "node" that attaches to fishing gear and collects data, a "hub" where the data collected by Enki is transmitted to, and a dashboard where the hub connects Enki's data to the cloud and displays it.


As of August 2023, company's precision fishing products start at USD 14,000 for Pisces, USD 6,495 for CatchCam, and USD 20,000 for Enki, per package.


Key customers and partnerships


In September 2022, SafetyNet Technologies partnered with Heriot-Watt University on the Fishing for Data project funded by Cisco Systems to create underwater weather reports using Enki.


The company partnered with Hampidjan (April 2023), a leader in commercial fishing gear and fishing technologies, to supply CatchCam to the Australian market, and ISI-FISH (July 2023), a maritime engineering and services provider, to expand CatchCam to France.


HQ location:
London GBR
Founded year:
2011
Employees:
11-50
IPO status:
Private
Total funding:
USD 1.5 mn
Last Funding:
-
Last valuation:
-
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