On August 13, 2024, BinSentry, a company focused on increasing efficiencies and sustainability in the global animal feed supply chain, announced the close of a US$ 15 million Series B financing round led by Spring Mountain Capital, alongside additional debt financing.

Based in Kitchener-Waterloo, Ontario, BinSentry is an agricultural technology company that combines AI-powered software with highly accurate IoT sensor systems to modernize and streamline feed inventory management. With more than 20,000 assets monitored daily and an average of 1,500 assets added each month, BinSentry's solutions help feed mills and animal producers improve forecasting, reduce waste, and enhance operational efficiency. Spring Mountain Capital is a New York-based investment firm that provides growth capital to companies in the enterprise technology and healthcare sectors.

Gowling WLG advised BinSentry with a team that included Sean Gomes and Patrick Chen.