Investing in technology that delivers new insights and better decision support for aquaculture
Oceanbox, a leading provider of oceanographic modeling and simulation, has secured a significant investment from IVC and Futurum Ventures. The investment will support further development of the company’s technology, strengthen its position in the Norwegian market, enable international expansion, and accelerate the development of innovative and sustainable solutions for the aquaculture industry and other coastal industries.
“This investment marks an important milestone for Oceanbox. It allows us to further advance our modeling technology, enhance our services for customers, and strengthen our position as a critical decision-support tool for the aquaculture industry. The long-term commitment from IVC and Futurum Ventures validates our value proposition and our contribution to more sustainable use of the ocean. At the same time, our new owners bring valuable expertise that will be essential in the next phase of the company’s development,” says Svenn Hanssen, CEO of Oceanbox.
Innovative ocean modeling for a sustainable future
Oceanbox has developed advanced simulation technology for ocean currents that enables coastal industries to quickly understand and predict environmental conditions such as currents, temperature, and the dispersion of particles in the ocean. The technology empowers aquaculture companies to make better, data-driven decisions – both strategically and operationally – related to site planning, zone optimization, selection of production technologies, disease tracing, and more efficient operational management.
“Demand for Oceanbox’s services from the aquaculture industry has been strong for some time, and the feedback we have received from customers is compelling. Solutions that enable new sites, efficient and sustainable use of existing locations, and the adoption of new production technologies will become even more important going forward. The tool developed by the Oceanbox team addresses these needs in a unique, innovative, and future-oriented way. We are now looking forward to supporting the Oceanbox team as active owners in the next phase,” says Mats Malvig, Managing Director of IVC.
Positioned for continued growth
Looking ahead, Oceanbox will focus on further developing its modeling technology, increasing capacity, and strengthening its commercial focus and market position in Norway. This will lay the foundation for international expansion and continued growth across new regions and verticals.
The Oceanbox team has done an impressive job combining deep expertise in high-performance computing and oceanography to identify the optimal balance between model resolution, computational requirements, and customer value. We are investing in the team and the company to contribute to more sustainable use of coastal and marine areas, and we look forward to the journey ahead, says Lars Lydersen, Partner at Futurum Ventures.
With fresh capital and strategic support from its new investors, Oceanbox is well positioned to scale more rapidly and deliver even stronger solutions to both existing and future customers.
“We look forward to working closely with IVC and Futurum Ventures to realize our vision of making advanced ocean modeling easily accessible to everyone,” Hanssen concludes.
