SomaDetect Raises $6-Million To Help Commercialize Innovative Dairy Health Technology
The Fredericton-based dairy technology company has closed a significant round of Series A venture capital funding — its largest to date.
The Fredericton-based dairy technology company has closed a significant round of Series A venture capital funding — its largest to date.
A Fredericton-based dairy technology company will be reaching more customers across North America with a new partnership with the world’s largest provider of dairy management software.
SomaDetect announced that it’s receiving $3.9 million from Sustainable Development Technology Canada to pilot its technology across North America first, and then globally.
As part of a Canada-wide effort to boos the number of women-led or -owned businesses, five New Brunswick-based companies will receive a non-repayable amount of $100,000 for 12 months each.
Founded in 2016, the Fredericton-based company has designed and produced an in-line sensor that uses deep learning algorithm and visualization software to measure critical indicators of quality and health in milking cows.
The Halifax event celebrated the efforts of community leaders and supporters who are helping nurture and grow the startup ecosystem in Atlantic Canada.
Since the sale of Radian6 and Q1 Labs, the Capital city has developed an ecosystem that helped launch companies like Somadetect, Kognitiv Spark and HomeWurk.
28 farms in Atlantic Canada, Ontario and New York are part of an “early adopter” program to implement the new system by SomaDetect that will better detect diseases, ensure milk quality, and manage reproduction in dairy cows.
Here are some startups from New Brunswick we see making some waves over the next few years.
CEO Bethany Deshpande says the company will still have its office in Fredericton.