MORRISVILLEAdvanced Animal Diagnostics Inc., an agriculture technology company, raised $2.95 million, according to a filing Friday with the Securities and Exchange Commission.


Advanced Animal Diagnostics

According to CrunchBase, AAD has raised nearly $39 million from investors since its launch in 2001.

The new money was raised in the form of debt from seven investors, according to the filing. The company has $1.5 million left to raise.

Advanced Animal Diagnostics provides technology to farmers to help them monitor the health of their livestock and use a more precise amount of antibiotics.

Their product, the QScout MLD (milk leukocyte differential) tests and identifies white blood cells in milk. The machine looks for data that could signify infection.

The company has been led by Joy Parr Drach, president and chief executive officer, since 2009.

Prior to Advanced Animal Diagnostics, Drach founded and worked at Entira, a marketing strategy and business development firm that provides data of customer wants and needs to food and agribusiness companies.

Drach received her BS in agricultural communications from the University of Illinois at Urbana-Champaign and her MBA from the University of Chicago Booth School of Business.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism