BASF: invests in Chinese farm-tech startup SmartAHC
(CercleFinance.com) - BASF is investing in SmartAHC, a Shanghai-based startup that makes smart devices for pig farmers to manage their livestock, including body temperature and behaviour monitoring tools.
SmartAHC's digitalization solutions help pig farmers to optimise productivity through smart sensors and computer algorithms, meaning that pigs can be counted, identified and observed.
Pig farming is a large market, with global demand amounting to around 1.4 billion animals per year, of which roughly half comes from China.
SmartAHC was founded in 2014 by graduates of Nanyang Technological University in Singapore.
Other investors in the Chinese startup include German specialty chemicals maker Evonik and Chinese B2B service platform for agricultural products Shenzhen Sinoagri.
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