Company Research Report: SomaDetect Inc.

Company Overview

• Name: SomaDetect Inc.

• Mission: Providing farmers with the information they need to make the best possible milk.

• Vision: Connecting, empowering, and enlightening our dairy system from every cow to every consumer.

• Founded: July 2016

• Founders: Bethany Deshpande, Nicholas Clermont, Bharath Sudarsan

• Key People:

• Founder & CEO: Dr. Bethany Deshpande

• Headquarters:

• 6D-7398 Yonge St. #1335, Thornhill, ON, L4J 8J2, Canada

• 4498 Main St., Suite 4, #1295, Buffalo, NY 14226

• Number of Employees: No information is available

• Revenue: No information is available

• What is the Company Known For: SomaDetect is known for its cutting-edge sensor and software system that provides dairy producers with milk-based data directly from the milking line. It facilitates automatic and accurate results for milk quality, reproduction, and herd health, empowering dairy farmers with improved data for decision-making.

Products

• SomaDetect Sensor System:

• Description: A revolutionary in-line sensor and software system that enables real-time detection of critical health, quality, and reproduction metrics from milk during every milking session.

• Key Features:

• Automatic and accurate monitoring of somatic cell counts (SCC).

• Provides actionable decision data with no impact on labor or cow productivity.

• Utilizes light-scattering technology, deep learning algorithms, and cloud computing.

• Enhancements in herd health management, reproduction accuracy, milk quality, and expense reduction.

• SENTINEL Technology:

• Description: A sub-system technology within SomaDetect, providing SCC trend-based detection for effective herd management.

• Key Features:

• Offers trend analysis for SCC, surpassing traditional systems.

• Enables proactive management to optimize SCC levels.

• Increases overall farm efficiencies and profits.

• SomaRECON:

• Description: Monitors cows for pregnancy, identifying open cows early to optimize rebreeding cycles.

• Key Features:

• Allows detection of open cows as early as 18 days post-insemination.

• Reduces the average days in milk and associated reinsemination costs.

• Enhances animal welfare and minimizes the stress on cows.

Recent Developments

• Awards and Recognition:

• Awarded $50,000 from the Fierce Founder Bootcamp.

• Secured $180,000 second-place prize in New Brunswick Innovation Foundation’s Breakthru competition.

• Recognized among Atlantic Canada Women-Led Startups receiving funding.

• Funding:

• Received CAD $3.9 million from SDTC.

• Raised USD $2 million in seed investment.

• Backed by Cavallo Ventures.

• Partnerships:

• Partnered with Valley Agricultural Software and announced API Integration.

• Collaboration with Cornell for enhanced milk monitoring data delivery.

• New Initiatives:

• Launched in Buffalo, expanding the company’s presence.

• Continued innovation in sensor technology utilizing big data and AI.

• Creation of API integration with world’s leading dairy management software provider.

Contact Information

• Canada Headquarters:

6D-7398 Yonge St. #1335, Thornhill, ON, L4J 8J2, Canada

• USA Office:

4498 Main St., Suite 4, #1295, Buffalo, NY 14226

• Email: info@somadetect.com

This comprehensive report provides insights into SomaDetect's mission, innovations, and achievements, highlighting the company's pivotal role in transforming dairy farming through data-driven technologies.