12 °c
London
Sunday, August 14, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Series B funding round raises US$17M for South African startup Aerobotics

TechGist Africa by TechGist Africa
January 26, 2021
in Africa, Agriculture, Agritech, Finance, Investing, Startup, Venture Capital
Reading Time: 2 mins read
798 33
0
South African agritech Aerobotics closes Series B US$16.5M from multiple VC firms
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

In a Series B funding round, Aerobotics has raised US$17M to scale up its agricultural artificial intelligence platform.

By using artificial intelligence to help farmers manage their farms, trees and fruits, South African startup which provides the world’s agriculture industry with intelligent tools has raised US$17M in a Series B funding round.

Aerobotics, which was created in 2014 by James Paterson and Benji Meltzer, is currently focused on building instruments for fruit and tree farmers. Its technology helps monitor and evaluate the health of these crops using artificial intelligence, drones and other robotics, including detecting when trees are ill, monitoring pests and diseases, and analytics for better yield management.

The United States is the company’s main market, Series B funding will be used to continue developing more technology and product delivery in the United States and other potential markets.

“We are committed to providing smart tools to optimize automation, reduce inputs and maximize output. We look forward to further co-development of our goods with the leaders of the agricultural industry,” Paterson, the CEO, said in a statement.

Also read: South African agritech Aerobotics closes Series B US$16.5M from multiple VC firms

According to Aerobotics, South Africa’s consumer internet giant Naspers led the round through its investment arm, Naspers Foundry, investing US$5.6M. Cathay AfricInvest Innovation, FMO: Business Development Bank and Platform Investment Partners also took part.

“Food security is of paramount importance in South Africa and the Aerobotics platform has made a positive contribution to its sustainability. This type of technological innovation addresses societal challenges and is exactly the kind of early-stage company that Naspers Foundry looks back on.” Phuthi Mahanyele-Dabengwa, CEO of Naspers South Africa, said in a statement.

By gathering and processing both tree and fruit images from citrus growers early in the season, the company has advanced its technology and provides farmers with independent and accurate yield estimations and harvest schedules. Farmers may, in turn, plan their stock, forecast demand and ensure the best quality of produce for their customers.

In the last few years, Aerobotics have experienced record growth. First, it reports to have the world’s largest proprietary dataset of trees and citrus fruits, with 81 million trees and more than a million citrus fruits processed.

Tech Gist Africa

Related

Tags: AeroboticsafricaAfrican startupsAIArtificial IntelligenceCathay AfricInvest InnovationFMO business development bankInvestingNaspers FoundryPlatform Investment PartnersSeries B funding round raises US$17M for South African startup AeroboticsSeries-B funding roundSouth AfricaStartupStartupsventure capitalафрикаюжная-африкаأفريقياجنوب-أفريقياアフリカ南アフリカ南非非洲
ScanSendShare332Tweet208Share58Pin76Send
TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

Related Posts

Travel

Affordable hotels in Maasai Mara for international budget travelers

by See Africa Today
August 14, 2022
Travel

10 Festivals worth catching a flight for

by See Africa Today
August 14, 2022
Culture

Meet 3 Richest African Immigrants in the US Millionaires Club

by See Africa Today
August 13, 2022
Culture

7 Africa’s Longest Serving Presidents

by See Africa Today
August 13, 2022
Economy

Mozambique’s 22% tax cuts among 20 measures for economic acceleration

by The Exchange
August 13, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Travel

Affordable hotels in Maasai Mara for international budget travelers

by See Africa Today
August 14, 2022
0

The great migration is back with us once again and affordable hotels in Maasai Mara give you a reason to...

Read more

10 Festivals worth catching a flight for

August 14, 2022

Meet 3 Richest African Immigrants in the US Millionaires Club

August 13, 2022

7 Africa’s Longest Serving Presidents

August 13, 2022

Mozambique’s 22% tax cuts among 20 measures for economic acceleration

August 13, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 99,388 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?