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  • 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
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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.