Dublin-based Micron Agritech, an agritech startup that is using rapid AI-powered testing to reduce the overuse of anti-parasite treatment in animals, has raised €2.7 million in a new funding round.
With the primary focus of eliminating unnecessary worming treatments in animals, which leads to increased resistance to anti-parasiticides, the company is a spin-out of TU Dublin.
It was founded by Daniel Izquierdo, Tara McElligott, and Sean Smith in 2019 and its testing kit, Micron Kit, gives vets the opportunity to test animals onsite, for the presence of parasites and recommend dosing according to results. This type of sample testing can take up to five days in laboratories.
Traditionally, worming doses have been administered to animals routinely as more of a preventative, precautionary measure but this high use of wormer (you might have heard of womers such as Ivermectin) is leading to a build-up of resistance to such treatments. Testing will also reduce overall costs.
The funding round was co-led by ACT VC, Atlantic Bridge, and Yield Lab Europe and brings the total of funding the company has raised, since inception, to €5 million.
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