">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Tuesday, January 19, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

South Africa’s Aerobotics raises $16.5M from Naspers, FMO & Cathay AfricInvest Innovation

Milcah Lukhanyu by Milcah Lukhanyu
1 month ago
in Startups
8 min read
0

Aerobotics, a South African AgriTech startup developing intelligent tools to feed the world has raised $16.5M from FMO and Cathay AfricInvest to help it gain access to a large, international network of agribusinesses in emerging markets.

The investment is part of a ZAR 250mln Series-B round led by Naspers Foundry with participation from the FMO Ventures Program and the Cathay AfricInvest Innovation Fund. The funding will boost international expansion and technological development, as well as support Aerobotics’ local operations.

James Paterson, Co-founder & CEO at Aerobotics said, “Aerobotics is happy to partner with FMO Ventrues 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 tree and fruit farmers not only to monitor their crops but also to increase their overall yield and reduce their footprint, through a combination of satellite and drone imagery coupled with machine learning algorithms.

Aerobotics’ customers are farmers located across the world—from Africa, Australia, and Europe to North and South America. The company has developed an end-to-end solution providing farmers with data-driven insights, scout mapping and other tools to mitigate damage to crops from pest and disease. The cloud-based application – Aeroview – is easy to use and provides actionable insights powered by AI-based analytics.

AgriTech companies like Aerobotics support climate-smart agriculture and help reduce water usage and farm inputs. By improving the overall yield per hectare, Aerobotics’ precision farming applications contribute to increased food security and the advancement of emerging market farming, helping to reach the standards of developed countries. Over the last year, the company’s technology solution has successfully entered the US market, where it is gaining momentum amongst large-scale tree and fruit farmers.

READ  Facebook's WhatsApp Hits 700M monthly active users
Twaktuin 2020 (571 of 761).jpg

In addition to its current product offering, Aerobotics is developing a yield prediction model for tree crops, an area that is still lacking a viable technology solution on a global level. The company has already been able to achieve promising accuracy ratios; revolutionizing the agriculture industry as we know it.

Related posts

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0

Marieke Roestenberg, FMO Ventures Program Manager said, “I am extremely excited to onboard Aerobotics as a new investment of the FMO Ventures Program alongside our long-standing partners at Cathay Africinvest Innovation Fund. It is truly inspiring to see Aerobotics, an Africa-born, -grown and -based, tech company develop one of the most promising AgriTech solutions for farmers active in orchard management globally. At FMO we are keen to promote its technology among our large network of agribusiness clients in emerging markets with the potential to create a ‘win/win’ scenario for Aerobotics and agribusiness companies alike. The importance of its solutions has been further highlighted in the wake of the COVID-19 pandemic, with agriculture considered globally as critical infrastructure. We look forward to being a valuable partner to the Aerobotics team.”

Yassine Oussaifi, Partner of Cathay AfricInvest Innovation added, “Starting with its first experiments in a citrus farm in the Cape Region in South Africa, Aerobotics has developed a unique precision agriculture solution, used in more than 18 countries across the globe, to provide valuable insight for farmers and insurance companies. We believe the team has the capacity to grow Aerobotics into a leading technology provider in the agriculture value chain and to bring precise data and accrued efficiencies across the broader industry. Through the Cathay Africinvest Innovation Fund, we look forward to working hand in hand with FMO and Aeorbotics to further scale their innovative agritech solutions across the world.”

Readers 1,349

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Education

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0
Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0
Startups

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0
Business

Cellulant Group CEO Ken Njoroge to step down in June

January 14, 2021
0
work from home kenya
Startups

OZÉ Raises $700k To Digitize African MSMEs & Offer Them Affordable Capital

January 14, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021

Huawei’s connected ecosystem sets the building blocks for the upcoming connected future

January 19, 2021

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021
searchengineland.com

SEO for Beginners: Where to Start and What You Need

January 19, 2021

Why Dota 2 Viewership Is Going Up

January 19, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

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.
%d bloggers like this: