XpertSea Solutions Inc.

Based in Canada, XpertSea Solutions Inc. is an innovative technology company that transforms shrimp farming through its advanced photo-based management platform, utilizing AI and computer vision for enhanced growth projections and pond management. Founded in 2012 in Quebec City, Canada, XpertSea Solutions Inc. specializes in technology solutions for shrimp farming, supporting farmers with accurate growth projections.

The company was founded by François Robitaille and Valerie Robitaille and has raised a total of USD 20. 00 mn through 3 funding deals, with the latest being a Series B round in August 2021 co-led by Atlantico and QED Investors, alongside Investissement Québec and other existing investors. The company is headquartered in Quebec City, Canada. XpertSea specializes in providing advanced technology solutions for shrimp farming, primarily through its photo-based management platform.

The company’s core offering enables shrimp farmers to capture images of their shrimp to generate accurate growth projections and detailed insights into pond management without the need for costly hardware. Utilizing artificial intelligence and computer vision, XpertSea’s technology facilitates real-time analysis of shrimp growth, allowing users to project growth up to 75 days into the future with over 90% accuracy. This solution aims to streamline operations, reduce manual labor, and provide actionable insights for farmers, particularly in dynamic markets where timely decisions are critical. XpertSea serves a diverse client base, including shrimp farmers across regions such as North America, Southeast Asia, and South America, where aquaculture practices are prevalent.

XpertSea generates revenue through a subscription-based model, providing access to its platform and services for shrimp farmers. Clients typically enter into agreements to utilize the platform for ongoing pond management and growth projections, with pricing structures that accommodate varying farm sizes and needs. For instance, clients may subscribe to different tiers based on the number of ponds they operate or the level of insights they require, allowing flexibility and scalability in service usage. The revenue model is designed to align with the cash flow demands of shrimp farms, ensuring that farmers can invest in technological solutions without upfront costs.

Through tailored service offerings that include customized projections and harvesting optimization, XpertSea enables its users to maximize profitability and operational efficiency in their aquaculture practices. In August 2021, XpertSea Solutions Inc. raised USD 20. 00 mn in Series B funding to accelerate its move into new markets and expand its financial services and product development.

The company plans to launch new products tailored to the specific needs of shrimp farmers and aims to penetrate additional geographic regions, including further expansions within Southeast Asia and South America, by 2023.