New York Ventures
New York Ventures is a venture capital investment arm of Empire State Development that supports innovation and economic growth across New York State. It provides resources and investment opportunities through programs such as Governor's START‑UP NY, Innovation Hot Spots, Regional Economic Development Councils, Centers of Advanced Technology, Centers of Excellence, and the SUNY 2020 Initiative.
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Past deals in New Brunswick
SomaDetect
Seed Round in 2019
SomaDetect Inc. is an agricultural technology company based in Fredericton, Canada, founded in 2016. The company specializes in providing dairy farmers with real-time analytics of milk components through advanced sensor technology. SomaDetect's innovative system measures critical indicators such as fat content and somatic cell counts in raw milk during each milking session. By offering automated and chemical-free analysis, the company empowers farmers to identify potential issues early, manage herd health effectively, reduce unnecessary antibiotic use, and ensure high-quality milk is delivered to bulk supplies. With a focus on leveraging machine learning and artificial intelligence, SomaDetect aims to enhance decision-making for dairy farmers, ultimately improving the quality of milk production.
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