By Gerelyn Terzo, Global AgInvesting Media
North American agtech company BinSentry has secured $25 million in growth capital from CIBC Innovation Banking. BinSentry, which also recently clinched $50 million in a series C fundraising round, is an agtech company that harnesses AI-powered sensors and real-time monitoring to help large agricultural operators track feed levels and tighten up feed supply chain management. The capital infusion will be directed toward bankrolling the company’s global expansion.
Operating out of Kitchener, Ontario, and Austin, Texas, BinSentry works with large agri-businesses including Cargill, Wayne-Sanderson Farms and Hanor to modernize how feed moves from mills to farms. The company’s native solar-powered, self-cleaning sensors harness AI to deliver near real-time insights into feeding levels, helping ranches and farms to pivot from manual bin checks that are more vulnerable to issues such as feed waste, outages and bad data.
Of the CIBC financing, BinSentry CEO Ben Allen stated, “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.”
Allen previously told GAI News, “Our strong year over year growth and 100 percent customer retention rate over the last five years were important factors in the process. We had a smooth capital raising experience which led us to a great partner in Lead Edge Capital, who we are excited to be working with.”
In a recent Feedstuffs FastChat, BinSentry’s Allen framed feed as the single largest cost in raising animals, questioning why farms still rely on manual bin checks that can be unsafe, imprecise and margin-draining. He positioned the BinSentry solution around replacing “guesstimates” with data that helps feed mills and protein producers tighten ordering, slash out-of-feed risk and cut avoidable waste, while also improving worker safety and lowering the environmental footprint tied to the feed supply chain. The discussion also pointed to the sheer scale of the opportunity, describing the global feed supply chain as moving roughly $550 billion of feed each year.
The agtech company recently shared an on-farm use case for its software solution, pitting its AI technology up against more conventional methods: “Measuring tapes, rope drops and bin climbs are just the way things have been done when it comes to measuring and managing commercial inventories. And if it ain’t totally broke, do you fix it? Here’s our take: Your people have managed for so long with manual methods. But think of what they could accomplish with a pinpoint-accurate, AI-powered inventory platform at their fingertips!”
At last check, BinSentry was monitoring more than 40,000 feed bins for swine and poultry producers across North America and Brazil, and it recently partnered with Cargill to distribute the technology through the company’s network. Combined with a mobile dashboard, the platform is designed to improve demand forecasting and route planning, reduce transportation spend and support more consistent feed deliveries.
CIBC Innovation Banking Director Ab Makalo commented, “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. 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.”
While agtech VC funding continues to face hurdles like declining deal counts, subdued exits and a pullback from early-stage bets amid investor wariness, PitchBook’s latest Q3 2025 analysis indicates a recovery is on the horizon. With AI solutions like that of BinSentry driving faster advancements in biotech and robotics pulling in more diverse investors to solve persistent labor issues, the sector could experience renewed momentum, including bigger exits and a healthier funding flow in 2026/2027, per Pitchbook.
The content put forth by Global AgInvesting News and its parent company HighQuest Partners is intended to be used and must be used for informational purposes only. All information or other material herein is not to be construed as legal, tax, investment, financial, or other advice. Global AgInvesting and HighQuest Partners are not a fiduciary in any manner, and the reader assumes the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on this site.