About BinSentry
BinSentry is a company based in Kitchener (Canada) founded in 2017 by Randall Schwartzentruber and Nathan Hoel.. BinSentry has raised $44.24 million across 5 funding rounds from investors including BDC, Chillingo and Lewis & Clark Agrifood. BinSentry offers products and services including Feed Bin Sensor, ProSense HD, and Critical Event Management. BinSentry operates in a competitive market with competitors including VERDANT ROBOTICS, Naio Technologies, Niqo Robotics, iFarm and Saga Robotics, among others.
- Headquarter Kitchener, Canada
- Founders Randall Schwartzentruber, Nathan Hoel
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Sectors
AgricultureTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Binsentry Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44.24 M (USD)
in 5 rounds
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Latest Funding Round
$25 M (USD), Debt – Conventional
Dec 19, 2025
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Investors
BDC
& 6 more
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Employee Count
Employee Count
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Products & Services of BinSentry
BinSentry offers a comprehensive portfolio of products and services, including Feed Bin Sensor, ProSense HD, and Critical Event Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monitors feed levels to prevent waste and outages.
Provides high-definition monitoring for precise inventory data.
Manages urgent feed events to optimize supply chains.
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Funding Insights of BinSentry
BinSentry has successfully raised a total of $44.24M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $25.0M
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First Round
First Round
(01 Jun 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Debt – Conventional - BinSentry | Valuation |
investors |
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| Jun, 2025 | Amount | Series B - BinSentry | Valuation |
investors |
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| Aug, 2024 | Amount | Series B - BinSentry | Valuation | Spring Mountain Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BinSentry
BinSentry has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include BDC, Chillingo and Lewis & Clark Agrifood. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are directed toward agriculture and food sectors.
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Founded Year | Domain | Location | |
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Garage.com is operated as a platform connecting customers to garage door service providers.
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Founded Year | Domain | Location | |
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Seed-stage investments are made by Garage Capital across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BinSentry
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BinSentry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Binsentry Comparisons
Competitors of BinSentry
BinSentry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as VERDANT ROBOTICS, Naio Technologies, Niqo Robotics, iFarm and Saga Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based robotic solutions for agricultural farm management are provided.
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| domain | founded_year | HQ Location |
Provider of automated farming solutions
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| domain | founded_year | HQ Location |
AI-based robotic solutions for farming weeders and sprayers are provided.
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| domain | founded_year | HQ Location |
Vertical farming technologies are developed by iFarm for sustainable agriculture.
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| domain | founded_year | HQ Location |
Robotic machines for automating farm operations are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Binsentry
Frequently Asked Questions about BinSentry
When was BinSentry founded?
BinSentry was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is BinSentry located?
BinSentry is headquartered in Kitchener, Canada. It is registered at Kitchener, Ontario, Canada.
Who is the current CEO of BinSentry?
Randall Schwartzentruber is the current CEO of BinSentry. They have also founded this company.
Is BinSentry a funded company?
BinSentry is a funded company, having raised a total of $44.24M across 5 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Jun 01, 2018.
What does BinSentry do?
BinSentry provides an IoT solution to track on-farm inventory. Uses solar-powered sensors to transmit data to the cloud to provide on-farm insights for feed-mills and vertical integrators. Clients include Co-Alliance, Belstra Group Farms, Masterfeeds and more.
Who are the top competitors of BinSentry?
BinSentry's top competitors include iFarm, VERDANT ROBOTICS and Niqo Robotics.
What products or services does BinSentry offer?
BinSentry offers Feed Bin Sensor, ProSense HD, and Critical Event Management.
Who are BinSentry's investors?
BinSentry has 7 investors. Key investors include BDC, Chillingo, Lewis & Clark Agrifood, Garage.com, and Garage Capital.