SeafoodAI Receives Investment From NEC X

<p><strong>PALO ALTO<&sol;strong> &&num;8212&semi; <a title&equals;"NEC X" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;qbwjOYiMSFzjWDkcFUvRwioIjYm5UZjp0XfOOmJRZxJbPLMJOoD-CW-7Rew-fgxRYCcWQ5SZuMDIowi3q5tpzg&equals;&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">NEC X<&sol;a>&comma; the Silicon Valley venture studio backed by Japan&&num;8217&semi;s NEC Corporation&comma; has announced a strategic investment in <a title&equals;"SeafoodAI" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;3nOhnjv0fLU9LnRtlB9a2XpE0h0DAkFhkpy&lowbar;axC16&lowbar;QwXw7uOZd5DmtKWn2VNH2bhHcxP8Fp6vW46A0X7&fjlig;RPg&equals;&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">SeafoodAI<&sol;a>&comma; an innovative startup revolutionizing sustainable seafood with real-time biometric data and AI-powered traceability&period; The announcement coincides with SeafoodAI&&num;8217&semi;s graduation from NEC X&&num;8217&semi;s <a title&equals;"Elev X&excl; Ignite" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;w-ogimCvm6qRyCJgRkQ&lowbar;WtWvYlQ72zxfaK9yPogtLI35g&lowbar;fukLcz4LYwqZGOVbItLXwIPzh4ibQC8GAWFNBH2hiVWVD&lowbar;Zdgu2NX1CumKCHI&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Elev X&excl; Ignite<&sol;a> program&period;<&sol;p>&NewLine;<p>The amount invested was not disclosed&period;<&sol;p>&NewLine;<p align&equals;"justify">SeafoodAI addresses the seafood industry&&num;8217&semi;s &dollar;50 billion in annual losses due to outdated&comma; manual processes that hinder compliance&comma; traceability and efficiency—starting with the crab fisheries sector&comma; valued globally at <a title&equals;"&dollar;11&period;5 billion" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;67MbkSg6rrxA8mNEdz1j10snJVzMtZkYI1xYGHV0EJlBZTwTAxBQZqlSu5ZYyzQFnm88AfVaP1KTeDWSd1&lowbar;&lowbar;nWiFKpBKwGuOQdvqOAxfHq9TFaTH6fJnFnGbBQtBCmiITTpbPVX5gPqEpWE9wk-JFFBLH4v6zMNCLjoaa&fjlig;XlOLEE67YUnNL&lowbar;Wtdd2IXQ01G" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">&dollar;11&period;5 billion<&sol;a>&period; Leveraging AI-powered biometric scanning technology&comma; SeafoodAI’s flagship solution&comma; <a title&equals;"CrabScan360" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;mzDcJMELyJPxFMOSNrkrknjM6Wf-ujYlTL2j-Uv2WfsvlXrCCcbUv7-nu-yr3UlQdB16j9oAZ4qRiJsmP8raLe6NuiDiDmP6e7eRgvy2TPQ&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">CrabScan360<&sol;a>&comma; automates crab measurement&comma; sorting and data recording&comma; replacing error-prone manual processes&period; This transformative solution significantly enhances traceability&comma; simplifies regulatory compliance and delivers precise operational insights to stakeholders across the supply chain&period;<&sol;p>&NewLine;<p align&equals;"justify">Leading retailers&comma; including <a title&equals;"Whole Foods" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;inTpugq0x2FtHYGtjeQQtBI3wSF7eJj7kRznG6M5LQdhUvKUAVSemeHkDki1-VQPeRcvVj8P8toFJdkNBjUY8Gt8jqtZqYI6&lowbar;Ap3KR5y3mwKsY-EijRb&lowbar;Bk&lowbar;G1ZrVX8CwH6hptPFriCTfDs23GJeh0UIk8BOLkhZeHyRq--gNB8&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Whole Foods<&sol;a>&comma; <a title&equals;"Walmart" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;DCbe8h7J88C8ao-nxNbFPNDcYNspnEzBW9uh&lowbar;k5XS0j3FPku&lowbar;Jd3Jy&lowbar;gMBvyMh9b8&lowbar;ZfGj2v6UyAtopW7aB3HtqJscKTDEm60oxb4CxT&lowbar;LcqIyOPnwDKuqiU8J0JO151QLxi3SFeTuy4AkNd6oMXJvtYYfxIRbNy0VD7GR1Vy5mTeUmCVFQEQUqtUeXDLJSW" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Walmart<&sol;a> and <a title&equals;"Costco" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;rxvAOhMORz9T4AXOo6ldg&lowbar;6BC4jdmBNKVBTa&lowbar;7FbQdgx0quC9TBm2FprI&lowbar;PoJuT6tBrgobNsJwT1f-BumuSCwX2ifXi1R47PFFHdAVY9SjjRH&lowbar;5PX2QKKivg-lqJ0cpRuzDVZ7a9h76J-xBQlbFf0g&equals;&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Costco<&sol;a>&comma; have committed to exclusively selling sustainably certified seafood by 2027 or earlier&period; SeafoodAI&&num;8217&semi;s innovative approach enables fisheries and processors to achieve verifiable sustainability certifications rapidly&comma; efficiently and at scale&comma; meeting the growing demand for transparent seafood sourcing&period;<&sol;p>&NewLine;<p align&equals;"justify">&&num;8220&semi;Seafood sustainability is no longer optional&semi; it&&num;8217&semi;s imperative&comma;&&num;8221&semi; said Rob Terry&comma; CEO and Founder of SeafoodAI&period; &&num;8220&semi;With CrabScan360&comma; we&&num;8217&semi;re digitizing what was once a manual&comma; labor-intensive process—bringing accuracy&comma; transparency and trust directly to the seafood industry&period; The strategic investment and technical expertise from NEC X significantly accelerate our ability to drive meaningful change across seafood supply chains&period;&&num;8221&semi;<&sol;p>&NewLine;<p align&equals;"justify">NEC X&&num;8217&semi;s Elev X&excl; Ignite program provides early-stage startups with strategic guidance&comma; cutting-edge technology access and business resources to drive innovation&period; SeafoodAI directly leveraged NEC X’s expertise in image recognition and artificial intelligence&comma; rapidly advancing its technology during the program as part of cohort Batch 9&period;<&sol;p>&NewLine;<p align&equals;"justify">&OpenCurlyDoubleQuote;SeafoodAI represents the impactful innovation that NEC X is committed to nurturing&comma;” said Shintaro Matsumoto&comma; CEO of NEC X&period; &OpenCurlyDoubleQuote;Their biometric scanning technology unlocks new value across seafood supply chains by addressing global challenges with scalable&comma; AI-driven solutions&period; We’re excited to support SeafoodAI’s journey toward redefining seafood supply chain standards&period;”<&sol;p>&NewLine;<p>SeafoodAI has launched a beta of its field scanner&comma; is rapidly advancing its digital logbook and is adapting its scanner for aquaculture in collaboration with the University of Mississippi&period; A graduate of <a title&equals;"Techstars’ Water Tech and Sustainability" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;XQhdz7nnbgyLVYjOn2SaT0Z5nT9Hrz54DkzlmqJDk1VPeyZonoLWjS8NAwA2V6xH8wTwWNvRpM&lowbar;bKM04Vgafd67bpw2iFV4Ayv5sGT-D-l71qdRgW2GCGcFV9bsQDDg8jGX98s6G94MxJ4-GN&lowbar;z7I2Yt-E55DaKK4Nl8b4eGTuLyXRG6PdO2t05P77oosii1" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Techstars’ Water Tech and Sustainability<&sol;a> cohort&comma; SeafoodAI is also part of <a title&equals;"Blue Swell’s" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;7cYWCCgvK5jPMTxojYsJX9rm1rplTW1&lowbar;9IoHAicccIUCT8qhSMR-Y8yPigXp7OYugZDqotddmRLpFk0&lowbar;pUVLx-YOl71DjiI3sxe8JoUF8lGqqqjRWtM9S8VTbbPy&lowbar;HFP" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Blue Swell’s<&sol;a> Sea Ahead program and is working with partners like Hyperion to enhance its AI-powered seafood scanner for factory automation&period;<&sol;p>&NewLine;<p align&equals;"justify">SeafoodAI is actively collaborating with leading certification bodies and seafood industry stakeholders&comma; including <a title&equals;"Aruna" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;XEMe9tTDd0x7Gwc9T6hC27ZW0xut9okzimqwKeZBap15osrY0eLreGssbIr3Y-cJtqV7kjpn&lowbar;UQjWwG45A7w4A&equals;&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Aruna<&sol;a>&comma; <a title&equals;"ASIC" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;dcXhdEwOFUDoo6scUZrNlWvAmG9rkxbYd3r7gZG2h-2fs4l-0mq9WHlrYlItxMLwPeab3sGBQp2Yc2JZSAGMZOab8a-JSOxO4fQt-KWntuE&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">ASIC<&sol;a> and <a title&equals;"Where Food Comes From" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;ASTJ99Tdru-TNvMIaNdafkYkq-DLCLcNCyVU1IoMQh5A3wATFIEnb2V0L5TNv1jCUfKsYxkHhpPb4BCqwujSCbjMxUgYb9jfGL4QyFGVKu9WuHT2YXhfNUkl7gB6QJgQ" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Where Food Comes From<&sol;a>&comma; to implement digital verification solutions&period;<&sol;p>&NewLine;<p align&equals;"justify">Beyond hardware&comma; SeafoodAI is building a scalable data infrastructure—laying the groundwork for a trusted digital verification marketplace that connects harvesters&comma; processors&comma; regulators and retailers with real-time&comma; actionable data<strong>&period;<&sol;strong> The startup is also expanding its biometric scanning innovations to additional seafood markets such as tuna&comma; salmon and shrimp&period; It is in pilot discussions with government agencies and recently won the <a title&equals;"Open Sphere Startup Awards 2024" href&equals;"https&colon;&sol;&sol;www&period;globenewswire&period;com&sol;Tracker&quest;data&equals;ZvOkegTm0guawy6TnpQMAqLITg8MRMq0NKwjnsQkD7mi8VWLb1JudD8lNvpcJiTxD1iGLrP3USWUbMLJi5VXru85zBT6RmhswoxterB0bzl6O1phOZG4mvMNOVNJSKtRpO6fNaW7qsrvmIvYczegaYQUzdJDJ81zUa853V&lowbar;lOix-ojE2Z&lowbar;8FsuM2oMt11OkjMUcSAkXf8R-mgdPnSyLasyTD4vahI&lowbar;hXxUOZyOuls9c&equals;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Open Sphere Startup Awards 2024<&sol;a>&period;<&sol;p>&NewLine;<p align&equals;"justify">SeafoodAI generates revenue through a hybrid model of hardware sales and recurring SaaS subscriptions&comma; supporting long-term growth across the &dollar;12B seafood tech market&period;<&sol;p>&NewLine;