ReelData AI

ReelData AI is a Canadian artificial intelligence company founded in Halifax, Nova Scotia, that develops AI-powered solutions for the land-based aquaculture industry. The company's primary focus is on increasing the efficiency, sustainability, and profitability of land-based fish farms through the use of advanced technology. ReelData's flagship product, ReelAppetite, is an AI-driven feeding system that identifies real-time population appetite and adjusts feed levels accordingly to maximize biomass while limiting waste. This technology has helped save companies up to USD 2-3 million USD on wasted feed per 10,000 MT annual production, in addition to related savings from increased growth rates and reduced production risks.

Another key offering from ReelData is ReelBiomass, a biomass estimation camera system specifically designed for Recirculating Aquaculture Systems (RAS) and flow-through systems. This technology monitors the size, weight, and distribution of fish populations with high accuracy, eliminating the need for stressful and intrusive manual weigh-ins. ReelData's solutions have been adopted by some of the world's largest land-based fish farms, including Atlantic Sapphire, Danish Salmon, and Salmon Evolution.

The company's technology has shown significant potential in improving aquaculture operations. For instance, ReelData's AI system has demonstrated the ability to increase a farm's production by 10-20% without changing other operational factors, effectively reducing the cost per kilogram of fish produced and lowering energy costs. As of January 2023, ReelData had built a team of over 30 employees and was serving clients of various sizes across multiple countries.

Key customers and partnerships

ReelData AI has established partnerships with several prominent players in the aquaculture industry. In March 2022, the company partnered with Salmon Evolution, a Norwegian land-based salmon farmer, to implement its AI feeding software. This collaboration aims to autonomize Salmon Evolution's feeding process, resulting in reduced feed waste, increased consumption, and stabilized water quality.

The company also works with Atlantic Sapphire, one of the world's largest land-based salmon farms, and Danish Salmon in Hirtshals, Denmark. Additionally, ReelData's technology has been adopted by the Kura Sushi restaurant chain in Japan for farming mackerel tuna at its Kura Osakana production site, where the fish are marketed as "AI Sumagatsuo."