SALIC invests in Hummingbird Technologies

23/05/2019 Argaam

 

Saudi Agricultural and Livestock Investment Company (SALIC), 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 Centre for International Communication (CIC) said in a statement.

 

The round of investment was valued at a £7 million, CIC statement added.

 

“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 Managing Director, Khaled Al-Aboodi, said.

 

SALIC is owned by the Public Investment Fund (PIF) of Saudi Arabia, and operating since 2012. The comoany has been investing in several countries including Canada, Australia, Brazil and Ukraine.

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