Poseidon Ocean Systems designs, engineers and supplies saltwater aquaculture infrastructure and life‑support systems, including the Trident Hybrid Steel Cage System and the Flowpressor compressor system. The Flowpressor is designed to improve water quality in marine farms while reducing diesel fuel consumption; a 2021 trial with Cermaq Canada showed algae‑bloom mitigation and a reduction of 76,000 kilograms of CO2 emissions, and Cermaq reported roughly 60% lower greenhouse‑gas emissions when using Flowpressors. The company has been expanding internationally, recently entering the Chilean market, opening an office in Puerto Montt, and hiring a commercial manager for Latin America. Poseidon has pursued external capital to support growth: it raised CAD 5 million in a 2021 Series A to cover engineering costs and technology delivery. Management changes include the December 2022 appointment of Jamie Gaskill as CEO and the transition of co‑founder Matt Clarke to CTO. The company says the new financing will act as a catalyst for further international expansion. Poseidon Ocean Systems designs and manufactures turnkey Life Support Systems and Hybrid Sea Cage Systems for salmon farming, combining technologies to increase yields, reduce operating costs, and improve environmental outcomes. Its customers include some of the world’s largest salmon farmers, and the company works with operators in Canada, Chile and the UK. Poseidon plans to use the Series B proceeds to expand manufacturing capacity and accelerate global market expansion into new regions. The funding will enable deeper relationships with existing customers and delivery of systems at larger scale. Poseidon emphasizes improving fish welfare, minimizing mortality events, and reducing the carbon footprint of aquaculture operations. The company is established in Campbell River on Vancouver Island, British Columbia. Poseidon Ocean Systems is a Canadian company specializing in salmon farming infrastructure and life‑support systems. Its two core products are the Trident Hybrid Steel Cage System, which enables fish farmers to operate in higher‑energy locations, and the Flowpressor compressor system, designed to improve water quality while reducing diesel fuel consumption by up to 56%. The company is led by CEO Rick Segal, a Microsoft and Samsung alum, alongside co‑founders Heather and Mathew Clarke. Poseidon announced it has raised CAD 5 million in Series A financing to bring engineering and delivery of its proprietary technologies to market. The financing is intended to support commercialization and delivery of its new technologies and to reduce operating costs and equipment space requirements for customers. Investors and management say the company is in a growth position, ready to capitalize on macro trends to meet global protein demand while delivering environmental returns.

Total raised

$25M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2024