CIBC Innovation Banking provided a $25 million USD financing facility to BinSentry, a Kitchener-Waterloo based technology company helping major agriculture enterprises optimize feed supply chains through AI-powered sensors and real-time monitoring. This capital will support the acceleration of BinSentry’s global expansion.

BinSentry combines AI-powered sensors and proprietary software to bring real-time visibility and automation to the animal feed supply chain. Its solar-powered, self-cleaning sensors monitor feed levels on farms with high accuracy, eliminating the need for manual inventory checks and helping prevent feed outages. Paired with a mobile dashboard, the technology allows feed mills and large agricultural businesses to better forecast demand, reduce waste, and improve profitability. BinSentry is used by animal agriculture companies across North America and Brazil.

“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,” said Ben Allen, CEO of BinSentry.

“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,” said Ab Makalo, Director, CIBC Innovation Banking. “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.”