Aerobotics plans global expansion following $2m in funding

Cape Town-based aerial data analytics startup Aerobotics has collected $2m in funding following its Series A funding round. Aerobotics uses machine learning and artificial intelligence to process satellite and drone imagery and deliver insights to farmers.

Some of its investors include the Nedbank Group, US Ag-Tech Venture Capital Fund AgFunder, US-based AngelList, and South African-based 4Di Capital. The startup will use the funding to expand globally over the next 12 months with a US launch taking place in Florida in August 2018.