Asian Surveying & Mapping
Breaking News
High-resolution spatial maps to assess climate-related shocks
Insurance companies and governments worldwide are increasingly using spatial...
Aurecon strengthens digital offering in Greater China to help clients future-proof their infrastructure
Hong Kong – As businesses across Asia continue to...
Synspective and GCRS Announce Partnership for SAR Satellite-Based Risk Analysis Solutions in South Asia
Geo Climate Risk  Solutions Pvt. Ltd. (GCRS), a solution...
Teledyne Optech Galaxy T2000 mobilized for earthquake recovery and reconstruction effort in China
Vaughan, Ontario, CANADA – Teledyne Geospatial announced that the State...
Presagis Teams with Kambill Systems to Provide Artificial Intelligence-Based Geospatial Services in Asia Pacific
First two Contracts Awarded by Indian National Survey Agency/State...
Synspective and GCRS Announce Partnership for SAR Satellite-Based Risk Analysis Solutions in South Asia
2022 November 15, Tokyo – Geo Climate Risk Solutions...
Fugro opens state-of-the-art space control centre SpAARC in Perth
Fugro has officially opened the Australian Space Automation, Artificial...
Chinese scientists create new detailed map of moon rocks
BEIJING - Chinese scientists have created a high-resolution map...
Russia and Iran expand space cooperation
Russia and Iran are gradually expanding their cooperation in...
Korea bolsters spatial data cooperation with Tanzania, Ethiopia
The government will help Tanzania and Ethiopia with effective...
  • Sep 13, 2018
  • Comments Off on Umitron Expands Early Stage Funding to S$15.2mil and Starts Data Service for Aquaculture Insurance Leveraging IoT and Satellite Remote Sensing
  • Corporate, News
  • 328 Views

September 13th, 2018
Umitron Expands Early Stage Funding to S$15.2mil and Starts Data Service for Aquaculture Insurance Leveraging IoT and Satellite Remote Sensing

SINGAPORE – UMITRON PTE. LTD. (Location: Singapore, Co-founder / Managing director Masahiko Yamada, hereinafter Umitron) announced that it has raised S$3.7mil funding from Mirai Creation Fund operated by SPARX Group. Co., Ltd. on 6th September as the additional closing of first enterprise equity finance announced on 8th June. The total investment in this round becomes S$15.2mil and would be the largest amount of fundraising as an early-stage startup in aquatech (as of September 2018). Umitron has also announced that it has started demonstrating new service to provide reliable data for aquaculture insurance. Umitron’s patent-pending technology enables users to quantify the asset value of fishes and provides environmental data for risk assessment. With an aim of expanding its services, Umitron currently invites overseas business partners such as enterprise aquafarms and insurance providers for sustainable aquaculture.