Substrate Artificial Intelligence (AQSE:SAI.B, OTCQB:SUIAF), the growing AI firm listed on BME Growth, has completed its €1.2 million acquisition of Galician livestock veterinary services company Ps Vet Dairyquality SL.
The move amplifies Substrate AI's existing commitment to the agritech sector, particularly dairy farming, through its subsidiary Boalvet.
The company utilises artificial intelligence for early disease detection in livestock, aiming to minimise medication and veterinary issues.
This, in turn, enhances both the quality and volume of milk production, thereby boosting farm profitability.
José Iván García, Substrate AI's CEO, emphasised the pivotal role of artificial intelligence in elevating food production standards. "Artificial intelligence is going to be fundamental in food production for quality improvement, sanitary control, traceability, and production capacity," he said.
Founded in May 2022, Substrate AI was the first artificial intelligence company to be listed in Spain.
It operates as a holding entity for firms that incorporate, sell, and develop AI technologies aimed at economic efficiency, sustainability, and emissions neutrality. Besides its listing on BME Growth, Substrate AI is also traded on the American Over-The-Counter (OTC) market and is in the final stages of listing on the London Aquis.