43North winner SomaDetect gets big boost from Dairy Farmers of America
SomaDetect, the 43North winner that makes sensor equipment for dairy farmers, is getting a financial boost from the diary industry’s biggest dairy processors.
The Dairy Farmers of America, a national cooperative that serves more than 14,500 family farms that milk 2 million cows each day, has made an investment in SomaDetect, the start-up from New Brunswick that moved to Buffalo this year after winning $1 million in the 2017 edition of 43North.
Kim O’Brien, a spokeswoman for the dairy cooperative, which is based in Kansas City, Kans., declined to say how much it had invested in SomaDetect.
But the investment is a significant step forward for SomaDetect, which gains additional financial backing from the deal, as well as new ties to the nation’s eighth largest dairy processor, as ranked by Dairy Foods magazine.
“It gives us access to so many farmers, which is key,” said Bharath Sudarsan, a SomaDetect co-founder and its director of artificial intelligence.