Big Wins for Bytable and Barn Owl
Two of the current Amplify participants, Barn Owl and Bytable, received major grants to expand their operations. XI is excited to continue supporting these startups as they continue to expand and scale.
Bytable was awarded over $400,000 from the USDA Local Food Promotion Program and an additional $600,000 in matching funds. They were one of 42 organizations awarded the funds, and the only entity in Colorado. Bytable delivers confidence about food production by using blockchain technology to trace food from farm to fork. The startup will focus their efforts supported by the USDA on refining a scalable infrastructure model for online sales for regional and local food businesses, expanding their service area, and growing their consumer resources.
The Colorado Office of Economic Development and Trade awarded a $240,000 Advanced Industries grant to Barn Owl. Barn Owl automates the monitoring of remote and mobile assets with an AI-powered surveillance platform. The grant will allow Barn Owl to develop an inexpensive camera that government agencies and small- to- mid-sized businesses can use for surveillance in urban and rural settings. The company hopes to have the camera ready in May 2020 and begin marketing it in the summer.
The XI team is thrilled for Bytable and Barn Owl. We are looking forward to continue working with them in the Amplify program.