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Wireless

IoT startup Umitron awarded USD 2 mln for Peruvian aquaculture venture

Friday 14 December 2018 | 11:32 CET | News
Aquaculture specialist Umitron announced that it has received USD 2 million in funding from the Inter-American Development Bank Group's IDB Lab innovation laboratory for a project to use IoT and AI technology to drive growth of sustainable aquaculture in Lake Titicaca, Peru. Umitron said IDB Lab's grant will be used to test data-driven feeding technology in cooperation with its Peru partner Abaco and its subsidiary Piscis. The aim is to substantially improve the economic and environmental sustainability of aquaculture producers in Peru and ultimately Latin America as a whole.

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Categories: Mobile & Wireless
Countries: Peru
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