Ag tech startup Verility closes $3.5 million Series A funding round to further develop livestock fertility analysis platform
Summary
Verility has closed a $3.5 million Series A round of funding, which will help the company prepare to commercialize its livestock fertility analysis platform. The round was led by Mountain Group Partners of Nashville, Tennessee, and includes a previous investment from Purdue Foundry.Verility has created a global platform called Fertile-EyezTM that provides fertility analysis products that enable livestock producers and breeders to accelerate reproductive performance. They need innovation like Fertile-Eyez to help them meet the important mission of producing animal protein in a sustainable way.Hadi Shafiee, faculty member at the Division of Engineering in Medicine and Renal Division of Medicine at Brigham and Womens Hospital and Harvard Medical School, said artificial intelligence-assistive tools will play an important role in the path toward transforming traditional agriculture to precision agriculture.The proprietary, AI-enabled, smartphone-based platform technology that my lab has created has broad applications in precision animal health and breeding, he said. Hart recently participated in Purdue Foundrys Women in Entrepreneurship Panel and AgriNovus Indianas Quadrant event for ag bioscience entrepreneurs.Verility Inc. is a central Indiana startup that is focused on disrupting and optimizing breeding and fertility in animal health by leveraging image recognition and proprietary algorithms in the global animal health breeding markets. More information about the company is available at online.Mountain Group Partners (MGP) is an investor dedicated to investing in and actively guiding transformational businesses in the life sciences, animal health, and technology sectors.