06 February 2018 0 Comments Posted By : Mario Parker

Facial recognition for dairy cows is latest Cargill-backed tech idea

Cargill Inc. is backing an Irish startup that uses facial recognition software to help increase the productivity of dairy cows, the latest move by the largest closely held U.S. company to bolster its agricultural-technology efforts.

Cargill has taken a minority stake in Cainthus, which harnesses machine-learning and imaging techniques to identify cows and glean information on everything from their behaviour to appetite, says David Hunt, president and co-founder of Cainthus. Details of the investment weren’t disclosed.

Hunt said Dublin-based Cainthus chose Cargill over venture capital firms because of the U.S. company’s footprint in agriculture. Cargill is still owned by the same family that founded it 153 years ago and it’s one of the world’s largest crop traders and meat producers.

In the past few years, Minneapolis-based Cargill has reorganized parts of its business and built up a stronger presence in farm technology. It announced last month it’s partnering with other companies to form a startup accelerator that will identify new food technologies. Cargill is seeking breakthroughs from other industries that can be applied to meet the big challenges in agriculture, such as population growth, labour shortages in rural areas, and consumers’ concern over how their food is sourced and treated.

It’s a question of “how do you do some of the same activities” but “in a more efficient manner,” says SriRaj Kantamneni, managing director of its digital insights business.

Read more...

views : 46 | images : 1 | Bookmark and Share


Enter your comment below



Leave a Reply

TORONTO BOOK PUBLISHING

Most Popular

InvestingThree key takeaways from the market shock that will help investors navigate stormy waters

It has been an interesting two weeks in global markets. While this can be an unsettling period for [...]

14 February 2018

MarketingSurvey: 26% of Small Businesses Lack Financial and Human Resources to Make Social Media Work

New data shows 26 percent of social media managers say human and financial resources are their bigge [...]

15 February 2018

InvestingIs now the time to buy energy stocks?

Oil and gas equities have been underperforming crude oil prices since the middle of 2017, but the [...]

14 February 2018

EntrepreneurRipe for the picking: Cannabis sector governance needs to catch up to share price

Even with recent market volatility, share prices of cannabis companies are still well above where [...]

15 February 2018

Headline NewsApply These 4 Secret Techniques to Turn Your Blog Visitors into Customers

To blog or not to blog? I get this question from our eCommerce clients all the time. Many of them [...]

20 February 2018