Tidal is now an independent company, with backing from financial and strategic partners. Alphabet remains a minority owner, and the startup is pursuing external funding, with Perry Creek Capital leading its most recent round. The company is in "full growth mode" and plans to double or triple the systems it has deployed over the next few years.
Key takeaways:
- Alphabet X's spinoff, Tidal, is focusing on sustainable salmon aquaculture, using a combination of sensors, robotics, data science, and AI to help farmers monitor their harvests and make more sustainable decisions.
- Tidal's system is designed to provide yield estimates and catch potential issues, such as sea lice, before they cause serious damage.
- Tidal has already deployed 230 systems in Norway and has worked in Chile and Brazil. The company plans to double or triple the systems deployed over the next few years.
- Despite Alphabet's recent belt-tightening on its 'other bets', it remains a minority owner of Tidal, which has begun to pursue external funding, led by Perry Creek Capital, Ichthus Venture Capital, and Futurum Ventures.