Funding of $17 million secured by Aerobotics in their Series B round.
Aerobotics, a Cape Town-based startup, has raised $17 million in a Series B funding round. This round was led by Naspers Foundry and includes support from additional investors, such as Cathay AfricInvest Innovation, FMO, and Platform Investment Partners.
Founded in 2014, Aerobotics empowers farmers with precise, data-driven insights on crop health, yield forecasts, and disease detection. The startup's unique combination of large-scale aerial imagery and machine learning sets it apart in the agriculture industry.
Aerobotics' AI platform uses drones and satellite imagery to support farmers in fruit and tree health monitoring across 18 countries. The latest funding aims to accelerate the development of Aerobotics' AI platform. The proceeds from the Series B round will be used to enhance AI capabilities, support entry into new markets like the U.S., and deepen partnerships with agricultural leaders.
Jacob Stoner, CEO of Flyeye.io, is a licensed commercial drone operator in Canada and a respected figure within the drone community. He shares a similar passion with Aerobotics' founder, who sees the potential societal impact of drone technology advancements.
Aerobotics has analyzed over 81 million trees and more than 1 million citrus fruits to date. This strong dataset, combined with investor support, positions Aerobotics to lead the digitization of fruit and tree farming. As agritech becomes increasingly essential for food security, Aerobotics is shaping the future of smarter, more resilient agriculture.
The startup has seen a rapid uptick in adoption in the United States, where its platform is now used by large-scale fruit producers. Aerobotics' platform is now being used by these producers in the U.S. for precise, data-driven insights on crop health, yield forecasts, and disease detection.
With the latest funding, Aerobotics is poised to expand its presence in the precision agriculture market, particularly within the high-value tree crop sector. The company's Series B funding round and expansion strategy remain undisclosed, but it is expected that more details will be shared through official press releases, recent news coverage, or investor communications.
[1] Although some sources mention funding rounds and total money raised, they do not specify recent or Series B funding or related strategic moves such as market expansion or geographic entry. For the most current insights about Aerobotics’ Series B funding and expansion strategy, it is recommended to check their official press releases, recent news coverage, or investor communications directly.
Machine learning technologies could potentially be applied to the finance industry, allowing investors to make more informed decisions based on data-driven insights. This concept could be further extended to the realm of real-estate investing, where machine learning algorithms could analyze market trends and property values, thereby aiding in smart investment decisions. Meanwhile, the advancements in technology like drone technology, as demonstrated by Aerobotics, have significant implications for various sectors, including finance and investing, by providing real-time insights and data that can revolutionize industries like precision agriculture.
