February 26, 2018
By Vic Singh, Founding General Partner
We are excited to announce that Eniac co-led the seed round in Vence, a startup out of San Diego that is changing the way livestock and pastureland are managed. The round was co-led by Kickstart Seed Fund with participation from Rabo Food & Agri Innovation Fund.
Globally, livestock and pastureland are multi-trillion dollar assets that are currently managed with a bifurcated approach of manual labor and legacy technology, with a limited view into true real-time data.
Vence’s platform is changing the entire approach by building a virtual fencing livestock management platform powered by industrial IoT, data and machine learning. They are removing the barriers — physically and metaphorically — that have limited livestock and pastureland management from fully entering the digital era. Vence is reinventing the outdated, static practices and reducing perpetual labor costs by ~25% allowing livestock owners to fully optimize land usage with AI, and track and manage animal welfare in real time, all from a mobile device.