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FREDERICTON, NB, June 3, 2021 /PRNewswire/ Smart Skin Technologies Inc., a global leader in IIoT productivity solutions, raised $10.7 million CAD to accelerate the company's growth in the
Smart Skin Technologies Inc., a Fredericton, NB-based provider of IIoT productivity solutions, raised $10.7M in funding.
The round was led by BDC Capital’s Industrial Innovation Venture Fund, with participation from Schott AG, Mariner’s East Valley Ventures and the New Brunswick Innovation Foundation.
The company intends to use the funds to expand operations, hiring up to 50 new employees in the next year, and its business reach.
Led by Evan Justason, CEO, and Kumaran Thillainadarajah, founder and CTO, Smart Skin Technologies is a global leader in IIoT productivity solutions. The company’s patented Quantifeel™ solutions combine innovative sensors, deep analytics and artificial intelligence to provide global manufacturers with actionable data on the forces their containers experience during the filling and packaging process.
University of California Agriculture and Natural Resources (UC-ANR) and
University of California Santa Barbara SmartFarm Project.
“The global agriculture ecosystem desperately needs a digital makeover. There is too much loss of productivity and innovation due to the absence of re-usable tools and data. I’m excited to lead this community of leaders, contributors and members – from across sectors and countries – to help build this common and re-usable resource – AgStack – that will help every stakeholder in global agriculture with free and open digital tools and data,” said Sumer Johal, Executive Director of AgStack.
Linux Foundation noted in its official AgStack announcement on Wednesday that 33 percent of all food produced is wasted, while nine percent of the people in the world are hungry or undernourished. These societal drivers are compounded with legacy technology systems that are too slow and inefficient and can’t work across the growing and more complex