South Africa’s agritech and aerial imagery company, Aerobotics, has recently closed a Series B funding round amounting to US$16.5M led by Naspers Foundry, alongside participation from FMO & Cathay AfricInvest Innovation.
International expansion and further technology development have been identified as the primary goals for the funding rounds while also enabling more efficient local business operations.
Co-founder & CEO at Aerobotics, James Paterson, said, “Aerobotics is happy to partner with FMO Ventures and Cathay AfricInvest Innovation to better serve our customers.
Also read: Generation Africa launches agritech competition for young Africans
Our strong relationship, coupled with this latest financial investment, will ensure that we continue to grow agriculture sustainably together.
We are a proudly South African business and are proving that Africa can not only compete in technology innovation but lead at the highest level.”
Aerobotics enables tech-efficient farming processes for farmers from around the world by providing data-driven insights, scout mapping, and other tools to mitigate damage to crops from pests and diseases while using Aeroview to provide actionable insights powered by AI-based analytics.
Original article on Tech Gist Africa
