|Napsers has invested $5.6 million (R100 million) in South Africa-based Aerobotics. The money was invested through Naspers’ $77.9 million (R1.4 billion) funding initiative for early-stage tech businesses, Naspers Foundry. The deal is still pending approval by local authorities.
Aerobotics is a subscription-based artificial
intelligence (AI) company that provides intelligent tools for the agricultural industry to manage its crops. Founded by James Paterson and Benji Meltzer in 2014, the startup provides a platform that uses AI, drones and software to help farmers manage their farms, trees and fruit more efficiently.