CIBC Innovation Banking Provides $25 Million in Growth Capital to BinSentry

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentKITCHENER, Ontario & AUSTIN, Texas — CIBC Innovation Banking announced today that it has provided a $25 million USD financing facility to BinSentry, a Kitchener-Waterloo based technology company helping major agriculture enterprises optimize feed supply chains through AI-powered sensors and real-time monitoring. This capital will support the acceleration of BinSentry’s global expansion.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentBinSentry combines AI-powered sensors and proprietary software to bring real-time visibility and automation to the animal feed supply chain. Its solar-powered, self-cleaning sensors monitor feed levels on farms with high accuracy, eliminating the need for manual inventory checks and helping prevent feed outages. Paired with a mobile dashboard, the technology allows feed mills and large agricultural businesses to better forecast demand, reduce waste, and improve profitability. BinSentry is used by animal agriculture companies across North America and Brazil.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle content“We’re excited to work with CIBC Innovation Banking as we continue to scale our business and serve an ever-growing list of large agricultural companies.

The Innovation Banking team has demonstrated the ability to move quickly and remain flexible, which is tremendously valuable to us as one of the fastest growing agtech companies in the world,” said Ben Allen, CEO of BinSentry.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article content“We first met the BinSentry team in 2023 when they were in the early stages of scaling their platform. Over the last few years, we’ve seen the company evolve into a trusted technology partner for major agri-feed businesses across North America,” said Ab Makalo, Director, CIBC Innovation Banking. “We are excited to support BinSentry’s next phase of expansion and innovation as it continues transforming agricultural supply chains with real-time data and operational efficiency.”Article contentAbout CIBC Innovation BankingArticle contentCIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Innovationbanking.cibc.comArticle contentAbout BinSentryArticle contentBinSentryArticle contentis focused on providing solutions for the agriculture supply chain that help increase efficiency, reduce costs, and enhance profitability. As a leader in the use of artificial intelligence, BinSentry offers technology solutions that pair best-in-class optical sensors with user-friendly software to provide our customers with enhanced forecasting and decision-making capabilities. With our technology, feed mills and protein producers are enhancing feed ordering efficiency, raising healthier animals, improving employee safety, reducing their environmental footprint and – most significantly – uncovering new savings. Today, BinSentry is monitoring more than 40,000 bins in real time across North America. When it comes to the future of agricultural supply chain management, BinSentry is leading the way.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20251218834618/en/Article contentArticle contentContactsArticle contentKatarina Milicevic, katarina.milicevic@cibc.com, 416-362-3458Article content#distroArticle contentTrending Trump Official Signals Support for Trade Deal With Canada, Mexico PMN Business Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?

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Trump Official Signals Support for Trade Deal With Canada, Mexico PMN Business Is a $2.75 million portfolio enough for Halifax empty nesters to retire early?

Personal Finance World watches as Ottawa's bullish shift on LNG puts wind at the back of two major projects Oil & Gas So long, labour shortage: job vacancies continue to decline in Canada Work Canada's population declines for the first time since the pandemic News