SomaDetect raises USD$2M in Seed Investment and Plans Data Collection Expansion

September 10, 2019

SomaDetect CEO Bethany Deshpande

Emergence Client SomaDetect, a milk quality and dairy data company, have completed their USD$2M seed funding round with investments from New Brunswick Innovation Foundation (NBIF), the Western New York Impact Investment Fund (WNYIIF), and New York Ventures. The investment follows previous Seed Investments from Cavallo Ventures, Dairy Farmers of America, Builders VC, and iGan Partners.

“We are incredibly excited and honoured to receive this investment from WNYIIF, NBIF, New York Ventures and all of our investors. Our company is growing and advancing thanks to their support, and strong support from the dairy industry,” said Bethany Deshpande, CEO of SomaDetect.

“Their investment will help build and grow our company as we expand to collect thousands of data points from farms in North America. It will help us build algorithms that matter for dairy farmers,” said Deshpande.

Founded in New Brunswick Canada in 2016, SomaDetect has designed and produced an in-line sensor that combined with deep learning algorithm and visualization software it measures critical indicators of quality and health (fat, protein, somatic cell counts, and progesterone) from every cow at every milking.

SomaDetect is working with dairy farmers and industry partners across North America to enhance the sensor technology and build deep learning algorithms to provide dairy farmers with actionable data to help manage their operations, including several aspects of milk quality and herd health.

Read full news release here.