Livestock focused and agritech startup Brainwired announced on Thursday that it has raised undisclosed amount of funding in a bridge round led by Agility Venture Partners. Other top angel investors including Dhianu Das and Nandi Mehta and Mumbai Angels also participated in the round. The startup is now valued at 5 Cr following the latest capital infusion.
Last year in May, the company had raised undisclosed amount of funding in a pre-seed funding round led by Mumbai angels. Following this funding, the company successfully closed its pre-seed round at the height of COVID-19 pandemic last year.
Commenting on the Bridge funding round, Sreeshankar S Nair, co-founder & CEO, said “We’re thrilled at the amount of investor attention we’ve received for Brainwired. We hope to solve cattle concerns across India with our innovative solution.”
Prashant Narang, co-founder of Agility Venture Partners said “We hold high hopes from Brainwired, which has garnered a lot of acclaim since its inception. The start-up won at the ASSOCHAM start-up launchpad (Kochi) and the Maharashtra start-up week. It was at the Silicon Valley-based Y Combinator SS’19 too. We believe it can achieve an international foothold with its approach to dairy and livestock farming.”
Sreeshankar added “Having a good product isn’t enough unless it solves a core problem for your customers. At Brainwired, we excel in understanding our customers, and this helps us shape our solution to their needs.”
The Kochi based startup recently hogged the limelight by winning the Agri India Hackathon conducted by ICAR, Pusa Krishi and Govt of India.
Founded in February 2018 by Sreeshankar S Nair and Romeo P Jerard, Brainwired essentially aims to revolutionize dairy farming by connecting two disparate threads – technology and dairy farming. It does this with the help of its flagship product with WeSTOCK, a livestock health monitoring and tracking system. This system uses an IoT ear tag and an ML algorithm to identify sick and in-heat livestock and alert farmers accordingly. To put it simply, Kochi-based start-up aims to track the health of dairy cattle through IoT and ML algorithms.