EFishery acquihires Indonesian AI-powered IoT startup, to launch AI brand

Andri Yadi (bottom middle), together with the eFishery AIoT and cultivation intelligence team / Photo credit: EFishery

EFishery, an Indonesia-based aquaculture firm, has acquihired DycodeX, a local AI-powered IoT startup. The deal, whose terms are undisclosed, will let eFishery expand its AI plans, which includes an upcoming brand called eFishery.ai.

The DycodeX team will join eFishery’s artificial intelligence of things (AIoT) and cultivation intelligence team, which is part of the unicorn’s product division. DycodeX co-founder and CEO Andri Yadi will lead the team as vice president.

With the new team, eFishery is planning a two- to three-year roadmap where it would launch 10 new products. They will take the form of IoT products and platforms, a generative AI product, as well as other aquaculture intelligence solutions.

Currently, eFishery has one AI-powered product called eFeeder, which allows its clients to enable automatic feeding for fish and shrimp cultivation. Other products include a feed marketplace and a B2B platform for fish trading.

“Andri Yadi and his team can strengthen and accelerate the implementation of AI and IoT in the eFishery ecosystem,” eFishery CEO Gibran Huzaifah said in a statement. The company further said that with Yadi and his team, it expects product development cycle to be 3x to 4x faster.

The DycodeX acquihire comes as eFishery’s in expansion mode. Last year, the company entered India – its first overseas market – while raising $200 million in series D funding, which boosted its valuation to US$1.4 billion.

As of January 2024, eFishery said it counts 200,000 fish farmers as clients.

See also: EFishery takes on global aquaculture in a balancing act