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Naspers has invested R100 million in South African Agritech startup, Aerobotics. Aerobotics is a subscription-based artificial intelligence (AI) company that provides intelligent tools for the agricultural industry to manage crop health and to predict crop yields.
In his recent speech, Akinwumi Adesina, President of the African Development Bank Group (AfDB), highlighted how new technologies such as drones, artificial intelligence and blockchain could help improve agriculture in Afrika. Adesina was speaking at the 2018 Agricultural and Applied Economics Association (AAEA) Annual Meeting held in Washington, D.C.
Aerobotics, a South African startup that uses machine learning and artificial intelligence to process satellite and drone imagery and deliver insights to farmers, reports that it has successfully closed a Series A funding round of approximately $2 million. The funding round saw participation from investors such as Nedbank Group, AgFunder,