Los Angeles, California — Aerobotics has raised $17 million in an oversubscribed Series B round. This was led by Naspers, one of the world’s most powerful and lowest-flying investment firms, with significant participation from Platform Investment Partners, FMO: Entrepreneurial Development Bank and Cathay AfricInvest Innovation.
Founded in Cape Town, South Africa, Aerobotics has quickly scaled its mission to provide customers with intelligent tools to feed the world. Aerobotics’ data is widely used for the certainty it brings to farming and food security, as the global agricultural industry stretches to meet expected population growth and food demand.
Aerobotics has experienced record growth in the last few years. 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.
James Paterson, CEO at Aerobotics says, “Thank you to our customers for believing in our vision and to our investors for backing us. We’re committed to providing intelligent tools to optimize automation, minimize inputs and maximize production. We look forward to further co-developing our products with the agricultural industry leaders.”
About Aerobotics
Aerobotics works with the agriculture industry to transform everyday farming operations with technology that supports smarter business decisions and ensures a sustainable future. For more information: please visit https://www.aerobotics.com/