Dutch startup Connecterra has secured €7.8 million ($8.75 million) in a Series B funding round from a group of investors including ADM Capital, Kersia, Pymwymic, Breed Reply and Sistema_VC. Connecterra, founded in 2014, aims to empower animal farmers of all sizes to increase productivity, while reducing the substantial impact that animal agriculture has on our planet.
Connecterra is headquartered in Amsterdam, The Netherlands and operates in 16 countries. The €7.8 million raised is the biggest ever series B funding round completed by a Dutch AgTech company active in farm animal technology.
Connecterra’s Intelligent Dairy Farmers Assistant “Ida” is an artificial intelligence-powered service that uses data collected from dairy cows to offer meaningful insights and recommendations. With the funds the startup Connecterra will accelerate the growth of its predictive AI platform, ‘Ida’. So far ‘Ida’ has evolved from sensor tech to a full-stack technology and AI platform, combining proprietary sensor hardware, animal data, third-party enterprise data, and machine-learning algorithms.
“Empowering farmers and the industry with a connected, AI driven platform is a necessity for the future of food production. The COVID-19 outbreak has brought into sharp focus the weaknesses in our food system that is disconnected and faces threats from climate change and a dwindling labor workforce. With the support of our top-class investors, customers and partners, we are well positioned to democratize access to our technology to millions of farmers across the globe.”Yasir Khokhar, CEO of Connecterra
Connecterra has seen adoption of the Ida platform by industry giants such as Danone, Bayer and food safety expert Kersia. The technology is being used to create sustainable farming models that have eliminated the use of hormones, reduced antibiotic usage by up to 50%, and increased farm efficiency. The platform is also part of the Farming for Generations (F4G) consortium led by Danone, aimed at implementing regenerative agriculture practices.
The latest funding will equip Connecterra with the funding needed to grow its presence in dairy leading regions such as Europe, North America and New Zealand and further scale out and develop the AI models and technology behind Ida.
Read more at Connecterra