SomaDetect secures Series A funding to accelerate development of AI technology for dairy industry

03 March 2021

On March 3, 2021, SomaDetect Inc. and Ag Capital Canada ("ACC") announced that $6 million venture capital financing will be used to accelerate commercialization of the dairy industry's only in-line sensor for milk quality, reproductive status and herd health.

The financing is led by ACC, a private equity fund based in Tillsonburg, Ontario, which  invests in Canadian ag and food innovation and small business growth. Additional new investment is being provided by Merck Animal Health Ventures, as well as by Builders VC and Wilbur Ellis' Cavallo Ventures.

SomaDetect is a precision dairy technology company. Founded in Fredericton, New Brunswick in 2016, SomaDetect has designed and produced an in-line sensor which measures critical indicators of dairy quality from every cow at every milking. SomaDetect's technology uses no consumables, chemicals, or cartridges and no milk is lost. 

Todd Bissett and Emily Dies of Gowling WLG advised SomaDetect with respect to this funding.

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