SA startup Aerobotics secures R29m in funding from Paper Plane Ventures – Ventureburn

SA aerial-data analytics startup Aerobotics announced this evening that it has received R29-million ($2-million) from local venture capital (VC) company Paper Plane Ventures in its latest round of funding.

Aerobotics’ various software products help farmers Б─⌠ by way of a web-based and artificial-intelligence (AI) enabled web platform and app Б─⌠ to scout and find areas of their vineyards of orchards that are underperforming because of pests or other problems.

The latest funding follows a $2-million round led by Nedbank in May last year (the deal was announced in July 2018 — see here) and an R8-million round in 2017 from SA VC 4Di Capital and the Savannah Fund in Kenya (see this story).

Tonight’s announcement was made at an exclusive address in De Waterkant, Cape Town, in a building where the startup — which was founded by Benji Meltzer and James Paterson (