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AgTech Investments

South African agri-tech startup Aerobotics raised US$5.5 million in funding from Naspers Foundry

Cape Town-based Aerobotics, uses aerial imagery from drones and satellites, and blends them with machine learning algorithms. This helps in early problem detection and offer personalised solutions to tree and wine farmers and optimise crop performance. The startup’s cloud-based application Aeroview provides farmers with insights, scout mapping and other tools to mitigate damage to tree […]

Categories
AgTech Investments

Insurance Australia Group has bought a multimillion-dollar stake in Digital Agriculture Services

Insurance Australia Group Limited (IAG) is the largest general insurance company in Australia and New Zealand. The Group’s businesses underwrite almost $12 billion of premium per annum, selling insurance under many leading brands. IAG, Australia’s largest general insurer, made the investment in Digital Agriculture Services (DAS) through its $75 million venture capital fund Firemark Ventures. […]