Key Takeaways
- BinSentry has secured a $25 million USD financing facility from CIBC Innovation Banking.
- The capital will support BinSentry’s global expansion across animal agriculture markets.
- BinSentry’s AI-powered sensors provide real-time visibility into feed inventory and supply chains.
- The platform is used by major agri-feed businesses in North America and Brazil.
- The financing supports continued growth in data-driven feed supply chain optimization.
BinSentry Strengthens Growth Strategy with CIBC Innovation Banking Support
CIBC Innovation Banking has announced that it has provided a $25 million USD financing facility to BinSentry, a technology company based in the Kitchener-Waterloo region of Canada. The funding is intended to accelerate the company’s global expansion as demand grows for real-time monitoring and automation across animal feed supply chains.
BinSentry works with large agricultural enterprises to improve operational visibility and efficiency in feed management. The company’s solutions are currently deployed across North America and Brazil, serving major animal agriculture and feed mill operators.
BinSentry Technology Brings Real-Time Insight to Feed Supply Chains
AI-Powered Sensors and Automated Monitoring
BinSentry combines AI-powered sensors with proprietary software to automate feed inventory monitoring on farms. Its solar-powered, self-cleaning sensors accurately measure feed levels, eliminating the need for manual inventory checks and helping prevent feed outages.
The system integrates with a mobile dashboard that provides real-time data to feed mills and agricultural operators. This visibility enables improved demand forecasting, reduced waste, and more efficient logistics planning, supporting better decision-making across complex feed supply chains.
Financing Supports BinSentry’s International Expansion Plans
The new financing facility will allow BinSentry to scale its operations and expand into additional international markets. As animal agriculture supply chains become more distributed and data-driven, real-time monitoring tools are increasingly viewed as critical infrastructure for managing risk and improving profitability.
“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,” said Ben Allen, CEO of BinSentry. He noted that the Innovation Banking team’s flexibility and ability to move quickly were important factors as the company continues to grow.
CIBC Innovation Banking Backs BinSentry’s Next Phase of Growth
CIBC Innovation Banking first engaged with BinSentry in 2023, when the company was in the early stages of scaling its platform.
“We’ve seen the company evolve into a trusted technology partner for major agri-feed businesses across North America,” said Ab Makalo, Director at CIBC Innovation Banking. He added that the bank is supporting BinSentry’s next phase of expansion and innovation as it continues to apply real-time data and automation to agricultural supply chains.
