NEWS FEED & ADDITIVE MAGAZINE September 2024 15 Superior & Sustainable Animal Feed Solutions We build equipment that just runs. CPM is the world’s leading provider of innovative and automated solutions for new equipment and aftermarket. A company focused on increasing efficiencies and sustainability in the $500B global animal feed supply chain, BinSentry secured $15M in new capital in the form of a Series B round led by Spring Mountain Capital, as well as additional debt financing. BinSentry has also reportedly crossed a major milestone in market penetration. Using data analytics and artificial intelligence (AI) to manage large supply chains and cut costs is a hot topic in agriculture. BinSentry points out it has made significant technology advancements in applying AI to its feed management software platform. Pairing best-in-class IoT sensors that deliver over 98% accuracy for feed inventory monitoring, coupled with software tools that use AI to create alerts and suggestions, unlocks new cost savings and valuable insights for feed mills and animal producers. BinSentry recently closed a funding round, securing $15M in new capital. Spring Mountain Capital is joining the effort in a sign that BinSentry is maturing and gaining commercial traction, the company states. “We have been incredibly impressed with what BinSentry has built over the last five years, led by Ben Allen. Bringing digital transformation to the agricultural industry will not only unlock cost savings, efficiencies, and insights, but also serve to improve animal health. The capital that we have provided will help the company continue to accelerate growth and extend their product portfolio,” says Jamie Weston, a partner at Spring Mountain Capital. Read more>> BinSentry secures $15M in new Series B funding
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