Cedar Rapids-based SwineTech filed paperwork last week indicating it has raised $3.1 million in funding.
SwineTech’s award-winning product, SmartGuard, uses AI to read data through sensors and can locate exactly where a piglet is getting crushed and will alert the sow to roll over or stand up through the use of a vibratory signal.
Since founding in 2015, SwineTech has seen a lot of success.
Last October, SwineTech raised $1.5 million to allow them to begin to expand their product into other states and countries. Earlier this year, SwineTech won first place in a pitch competition at the 2019 Digital Animal Summit. The company also participated in the Pearse Lyons Accelerator this year, spending 16 weeks working with mentors to accelerate its business development, including three weeks at Dogpatch Labs in Dublin, Ireland.
Clay & Milk has reached out to SwineTech for more information about the raise and will update this post with more details when we learn more.
SwineTech raises $1.5 million -Oct. 23, 2018
SwineTech is using artificial intelligence to save piglets -Sept. 13, 2018