SALIC investments in Hummingbird Technologies
SALIC, the Saudi Agricultural and Livestock Investment Company, has led the round of investments in Hummingbird Technologies, a global leader in remote sensing, artificial intelligence, machine learning and data analytics for agriculture. The round of investment was valued at a £7,000,000 strategic investment.
SALIC’s MD, Mr. Khaled Al-Aboodi stated: “SALIC aims to be a world-class agribusiness investment company focusing on food security. Making sizeable, meaningful and scalable investments and investing in new Ag Tech projects such as Hummingbird will mobilize us to reach our strategic objectives.
SALIC’s CEO, Mr. Matthew Jansen added: “We see Hummingbird as an attractive investment from our global portfolio’s point of view and see it as a means of driving and accelerating innovative best practice adoption across our global farmland production operation.”
Mr. Will Wells, CEO of Hummingbird Technologies said: “We are thrilled to announce this transformative equity deal for Hummingbird, which also includes a global commercial dynamic to roll out our offering on an unprecedented scale.”