Hill’s Pet Nutrition

Pet ownership is at an all time high in the United States and the pet care economy is booming.

Pet Care Tech

Vet-AI is a Leeds-based veterinary technology company founded in 2018 by entrepreneur Paul Hallett and veterinary surgeons Dr Robert Dawson and Dr Sarah Warren. The company's flagship product is Joii Pet Care, an app that provides pet owners with affordable and convenient access to veterinary care. Joii Pet Care offers a virtual veterinary clinic that includes features such as a free symptom checker, paid video consultations with veterinarians, and free vet nurse calls. The app utilizes artificial intelligence to analyze potential health issues in animals and can detect pain in a cat's face from a single image with 90% accuracy.
Vet-AI's technology aims to bridge the gap between digital and face-to-face veterinary care, addressing the rising costs of pet care and difficulties in accessing in-practice veterinary services. The company's AI-powered solutions also assist veterinary practices in managing the increasing demand for care. As of July 2023, Vet-AI had conducted over 200,000 online consultations through the Joii app. The company expects to increase its revenues by approximately 50% to about GBP 1.5 million in 2023.
In addition to serving pet owners, Vet-AI focuses on improving working conditions for veterinary professionals by offering flexible work opportunities. The company has over 100 vets and veterinary nurses working through its platform, with teams in different time zones covering shifts to ensure 24/7 availability without the need for night shifts.
Key customers and partnerships
Vet-AI has established several strategic partnerships to expand its reach and enhance its offerings. In March 2022, the company partnered with Markerstudy Broking, which works with Asda Money to provide pet insurance. This collaboration gives Asda Money pet insurance customers access to Joii Pet Care's 24/7 digital vet services, including unlimited video consultations with qualified and RCVS registered UK vets.
In May 2022, Vet-AI secured a combined investment from Hill's Pet Nutrition and Correlation One Holdings. This partnership allows Vet-AI to integrate nutrition expertise into the Joii Pet Care offering, further enhancing its holistic veterinary care approach. The collaboration with Hill's Pet Nutrition also aims to open up digital veterinary care to millions of pet owners through the Joii Pet Care app.

<div>
 
 Otto (formerly 
 <a href="https://sp-edge.com/updates/21435">
 TeleVet)
 </a>
 is a web and mobile app solution provider that connects veterinary clinics with pet owners. Once set up through the 
 Otto
 platform, pet owners can send virtual consultations to clinics for review. Veterinarians can include virtual follow-up appointments as a part of their service offerings. As of June 2020, the 
 Otto
 platform was used by around 6,500 veterinarians in the US.
 
 
 The platform is offered on a SaaS bais for USD 99 per month for annual contracts and USD 129 per month for monthly contracts.
 
 
 Key customers and partnerships
 
 
 In March 2022, the company 
 <a href="https://sp-edge.com/updates/8932">
 partnered with Boehringer Ingelheim,
 </a>
 a pharmaceutical company, to expand Otto&rsquo;s services by becoming Boehringer Ingelheim&rsquo;s preferred veterinary health technology platform in the US. As part of the partnership, Boehringer Ingelheim invested an undisclosed amount in Otto; the company intends to use the funds and utilize Boehringer Ingelheim&rsquo;s commercial team for product development.
 
 
 Funding and financials
 
 
 In June 2020, the company raised USD 5 million in Series A funding led by Mercury Fund. The funds are expected to be used to accelerate the growth of the platform and the team. 
 
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Otto provides an integrated mobile app extension to existing veterinarian practice management systems. The Otto app allows two-way communication between clients and veterinary staff, enabling telemedicine, appointment scheduling, digital prescriptions and much more.

Vet-AI is developing ground-breaking technologies that aim to prevent and predict conditions developing in animals.Using groundbreaking technologies, they are developing innovative products and services that will reshape the animal health industries. They are the first company in the world that will use AI to support the good health of their animals. They are currently raising investment to help bring their products to market. Their evolving team consists of leading experts in a range of different sectors, and their partners include some of the biggest in the pet care industry.

Hill's Pet Nutrition is a producer of pet nutrition. Its product offering includes nutritional and therapeutic pet foods for dogs and cats, according to their ages.

<div> Hill's Pet Nutrition is a global leader in science-led pet nutrition, specializing in developing and manufacturing premium pet food products. Founded in 1907 and headquartered in Overland Park, Kansas, Hill's operates in 86 countries worldwide, offering a range of scientifically formulated pet foods designed to meet the nutritional needs of cats and dogs at various life stages and with specific health conditions. Hill's product lines include: <ul> <li> Science Diet: Everyday nutrition formulated for pets at different life stages </li> <li> Prescription Diet: Therapeutic nutrition requiring a veterinarian's prescription to address specific health conditions </li> <li> Healthy Advantage: Veterinarian-exclusive line targeting multiple health factors </li> <li> Ideal Balance: Made with natural ingredients </li> </ul> Hill's also produces over 170 varieties of wet pet food. The company's research and development efforts are centered at its 170-acre Pet Nutrition Center in Topeka, Kansas, which includes the Small Paws Innovation Center opened in 2021. In 2023, Hill's opened a new 365,000-square-foot manufacturing facility in Tonganoxie, Kansas. This USD 325 million &quot;smart&quot; plant features advanced automation and artificial intelligence technologies to enhance food safety and production efficiency. The facility doubles Hill's wet pet food production capacity and enables greater product innovation. Hill's maintains additional manufacturing sites in Topeka and Emporia, Kansas. In January 2023, the company announced the relocation of its global and US headquarters from Topeka to Overland Park, Kansas, to support its continued growth while maintaining its science and manufacturing hubs in Topeka. </div>

Empowering sustainable food innovation through food engineering tech

Alternative Ingredients

PROMINENT_CATEGORY

<div>
 
 The biotechnology company, Bond Pet Foods, is partnering with Hill's Pet Nutrition, a pet food manufacturer, to develop sustainable pet food.
 They will be using Bond's precision-fermented animal proteins to create pet food prototypes for regulatory reviews.

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Hill’s Pet Nutrition

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