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.
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