Shinkei Systems, an El Segundo, CA-based commercial fish processing technology company, raised $6M in Seed funding.
The round was led by Cantos, with additional participation by 8VC, Impatient Ventures, Susa/Humba Ventures, Carya Venture Partners, Ravelin Capital, Red & Blue Ventures, Undeterred Capital, and others joining existing investors.
The company intends to use the funds for the launch of its system-
Led by Saif Khawaja, Founder and CEO, Shinkei has developed a system that combines machine learning, robotics, and centuries-old fish harvesting techniques into a robotic process producing a sustainable product by eliminating waste and the stress on each fish. With built-in analytics, the system is scalable and can be optimized for any fishing operation. The hardware can be fitted and integrated into most fishing gear. In addition to wild-caught fish, Shinkei is also used in commercial fish farming, and the company is presently engaged with suppliers including Local Coho, who sells to Yama Seafood.
Commenting on the news, Saif Khawaja said: “Enhancing the taste, shelf-life, and overall quality of harvested fish — while at the same time boosting sustainability and eliminating waste — is a win/win for fishermen, consumers, and every step of the supply chain in between. We’re thrilled to be able to bring this incredible technology to an industry that has given the world so much.”
FinSMEs
29/04/2024