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Pakistani AI startup clinches top spot at AquaCon invest competition

by News Desk
June 3, 2024
in Business
Pakistani AI startup clinches top spot at AquaCon invest competition

Islamabad: PanaceaLogics, an AI-driven software solutions company in Pakistan, has won first place in the AquaCon Invest competition.
The company won the honor for its AI solutions in the agriculture sector, marking Pakistan as a leading hub for AI-driven industrial innovation.
PanaceaLogics’ award-winning Reactive Aquaculture Systems (RAS) based solutions help fishermen in critical areas such as fish biomass assessment, health monitoring and disease prevention, water quality management and feed optimization.
The key insights provided by the solution can significantly reduce costs and losses, increase productivity and increase profitability. This is done through the integration of cameras, sensors and advanced AI technology.
Commenting on the event, PanaceaLogics CEO Adeel Pirzada said: “We are delighted and honored to receive the top prize at the prestigious AquaCon Invest competition for AI solutions in the fisheries sector. This recognition not only reflects the innovative spirit of PanaceaLogics, but also highlights Pakistan as a leading hub for industrial innovation which is driven by AI.”
Explaining the system, Adeel said that AIsystem monitors aquaculture life and production, accurately measuring fish or shrimp growth and feeding cycle. and counting parasites,” he said.
AquaCon Invest, organized by the US Soybean Export Council (USSEC), was held in Dubai earlier this month. This prestigious event brings together innovative companies from Asia and the Americas to discuss developments in the industry and opportunities for collaboration. The event, organized by more than 100 foreign representatives, showcased the latest technologies and innovations for the development of global aquaculture.
Based in Islamabad, Pakistan, Australia-based PanaceaLogics is at the forefront of AI development in Pakistan. The company is known for deploying complex solutions in various industries including agriculture, healthcare, real estate and the automotive industry. By leveraging advanced AI technology, PanaceaLogics drives innovation and improves operational efficiency, strengthening its reputation as a leader in AI-driven solutions.

Tags: AquaConGazaISLAMABADIsraelPAKISTANpalestinePPPpublic purveiw
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