Advanced Animal Diagnostics, a Durham, NCdeveloper of technologies for the rapid diagnosis of farm animal diseases, has closed an $11m Series B round of equity financing.
The round was led by Intersouth Partners, with participation from Novartis Venture Funds and other private investors.
The company intends to use the funding to hire professionals in key positions, production and manufacturing, and on-farm economic trials of its first product line, which will focus on improving milk production and quality by controlling mastitis, an infection of the milk-producing gland.
Future products will monitor disease states, reproductive, nutritional and overall health status of production animals.
Founded in 2001 and led by president and CEO Joy Parr Drach, Advanced Animal Diagnostics previously raised a $1.1m Series A round of funding from private investors.