Montreal, September 13, 2023 - CEIM is proud to announce that it has awarded, through the Société d'Investissement Jeunesse (S.I.J.) impact fund, a total of $200,000 in funding to Axceta, a fast-growing Montreal-based startup that aims to leverage the potential of the IoT (Internet of Things) and data visualization to transform businesses.
This contribution will enable the company, which already counts AGCO Corp, Sollio and Hydro-Québec among its key customers, to accelerate the development of its connected silo solution, increase its commercialization efforts and pursue growth in new markets across North America.
"Agtech innovations that integrate big data and smart sensor technologies have the potential to be real game-changers, enabling our agricultural industry to become more efficient, focused and resilient, and Axceta's solution is a perfect illustration of this. Access to strategic, actionable information in real time is a tremendous asset for farm operators who can better anticipate demand and optimize their inventory management and logistics processes, while still reducing production costs and their carbon footprint," said Christian Perron, President and Chief Operating Officer of CEIM. "We are proud to be able to lend our expertise to the team, and to provide them with the funding support needed for this promising project to sustain growth."