Observe Technologies

The Observe Technologies company is founded by Risha Hemangom's entrepreneurs and Peter Fabri in 2016. By means of computer vision the startup optimizes processes of feeding in fisheries. The solution Observe Technologies allows to determine optimal quantity of a necessary forage by underwater cameras, computer vision and different sensors and to adjust its expense taking into account a status of the environment and fishes. The solution of a startup is applied in Great Britain, Chile, Canada, Norway, Australia (by February, 2021). It is possible to monitor economy via the Observe Technologies system via the browser from any place in the world.

History

2021: The AFK "Sistema" fund left Observe Technologies with 4-fold profitability

In February, 2021 it became known of an exit of venture fund AFK "Sistema" Sistema VC from Observe Technologies company. Profitability of investments was 4-fold.

Sistema_VC sold the share in Observe Technologies of the Norwegian company AKVA group. The financial component of the agreement does not reveal. At the same time it is known that after the transaction control in Observe Technologies remained with founders. The strategic investor on behalf of AKVA group is able to allow the company to increase a market share considerably.

The AFK "Sistema" fund left Observe Technologies company with 4-fold profitability

For Sistema_VC fund of investment into Observe Technologies became the first in a segment of agrotechnologies. The examination received in a work progress with Observe Technologies allowed fund to include later in a portfolio other technology companies solving problems of conservative agriculture using AI algorithms. Among them – Connecterra (the developer of the AI assistant for dairy farms) and KisanHub (a cloud platform for optimization of supply chains in agriculture).

It is our first successful exit in a segment of agrotechnologies. We accepted the solution to invest in the company as we liked a product, it is applied AI for one of the perspective industries — farming, an aquaculture. We invested at very early stage and were not mistaken: profitability on investment made 4X — the vice president for Sistema VC investments Iskander Giniyatullin noted.[1]

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