The future of farming and agriculture is here with Aerobotics.
Aerobotics is a subscription-based platform that provides tree crop health and yield intelligence data to the agricultural industry using drone and satellite-enabled AI technology. "In the United States alone, the company’s revenue has grown in excess of an order of magnitude. The Series B investment will further technology development and product delivery in the United States and Aerobotics’ other core territories,” the statement read.
Other investors include Platform Investment Partners, FMO: Entrepreneurial Development Bank and Cathay AfricInvest Innovation, the company said. "This importance has been highlighted further in the wake of the Covid-19 pandemic, with agriculture considered globally as critical infrastructure," Mahanyele Dabengwa said.
Naspers Foundry is a R1.4 billion vehicle aimed at strengthening the South African technology sector by providing funding to talented and ambitious technology founders and entrepreneurs. Including Aerobotics, it has invested approximately R200 million in three other early-stage tech companies.