Belfast-based livestock monitoring technology company, CattleEye, has announced a $2.5m seed investment.
The funding round was a syndicate led by Techstart Ventures and including Paris based VC Seventure Partners and Turntide Technologies, a Silicon Valley venture backed by Amazon.
CattleEye uses Machine Vision Artificial Intelligence which provides automatic inspections and analysis for machinery. The investment will be used to bring to market CattleEye’s autonomous livestock welfare and performance monitoring product. The technology will increase animal welfare levels and reduce carbon emission intensity by around 0.5 tonne per cow per year.
The first version of the product detects locomotion deviations, which are highly correlated to lameness in dairy cows and is thought to be the first of its kind to undergo successful academic validation by a leading UK university.
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The results of this study which are due to be released next month will conclude that CattleEye “outperformed an expert human” in the detection of lesions in lame dairy cows.
Ryan Morris CEO of Turntide Technologies said: “Our company’s mission is to ‘turn the tide’ on climate change and CattleEye fits that by reducing dairy cow carbon emission intensity using camera technology that requires no hardware or devices to be attached to a cow.”
Terry Canning CEO of CattleEye also commented on the developments stating: “This recent investment will give us the firepower to increase productivity, animal welfare and decrease the carbon footprint of millions of dairy cows across the globe.”
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CattleEye is lining up for commercial launch later this year and the technology is currently being used by a group of pioneer dairy farms along with UK retailers Tesco and Marks &Spencer.
In addition, the US Council of Dairy Cattle Breeding (CDCB) is utilising the technology to explore how CattleEye data can be used in genomic selection to help improve overall hoof health in dairy cows worldwide.
Source: Written from press release.
