Texas-based Precision Livestock Technologies completes $600K seed round on Harvest Returns agriculture crowdfunding platform
Harvest Returns announced that Dallas, Texas-based Precision Livestock Technologies has successfully completed a seed round raise totaling $600,000 on the Harvest Returns agriculture crowdfunding platform.
Precision Livestock Technology's mission is to optimize feeding, animal health and performance in livestock operations, initially with a machine vision platform deployed at cattle feedlots. The livestock sector is one of the largest industries on earth, but is under-served by technology. Precision Livestock's platform provides decision support to optimize of the key drivers of feedlot profitability while increasing quality, reducing labor shortages, and identifying sick animals. The company plans to use the capital raised to develop commercial pilots and detailed customer delivery, and software product development.
Andrew McKenzie, CEO, Precision Livestock Technologies: "The entire Harvest Returns team ran a thorough and efficient fundraising process that allowed Precision Livestock to tap into the high level of interest in the agricultural community to provide practical solutions to the livestock industry. This financing will play a huge role in achieving our vision to create a comprehensive service delivery platform for cattle feeders, with actionable intelligence and machine learning-powered recommendations that drive higher profits, consistent quality and improved animal health."
With a $1 trillion global livestock industry and an ever-growing population, more efficient cattle production is vital to meeting the growing demand for protein. By pioneering the convergence of machine vision, artificial intelligence, nutrition, animal behavior and health, and seamlessly integrating it into livestock operations, Precision Livestock is positioned to power the next phase of agricultural innovation.
Chris Rawley, CEO, Harvest Returns: "Our investors have a heavy appetite for innovative agriculture technology startups. Precision Livestock Technologies is revolutionizing animal protein production and we are excited to be a part of their growth trajectory."