Saudi’s SALIC invests in AI firm Hummingbird Technologies

Hummingbird, which was set up in 2016, uses drone and artificial intelligence to provide advanced crop analytics to farmers



The Saudi Agricultural and Livestock Investment Co (SALIC) has led a round of investments for artificial intelligence startup Hummingbird Technologies, the company said on Thursday.

Hummingbird, which was set up in 2016, uses drone and artificial intelligence to provide advanced crop analytics to farmers.

The funding round was worth 7m pounds ($8.84m), SALIC said in a statement, without disclosing how much it had invested.

SALIC is owned the kingdom’s sovereign investor Public Investment Fund.