Dryad Networks, a Berlin, Germany-based ultra-early wildfire detection technology company, raised €6.3M in funding.
The round was led by European Regional Development Fund (ERDF), via Investitionsbank des Landes Brandenburg (ILB). In addition to the ILB grant, Dryad Networks has secured €2.5M in funding from First Imagine!, which brought the total raised from its April convertible financing round to €8.9M.
The company intends to use the funds to scale its Silvanet wildfire detection platform while driving forward the development of Florian, an innovative solution that combines AI-driven early detection with immediate suppression capabilities.
Led by CEO Carsten Brinkschulte, Dryad provides ultra-early detection of wildfires and health and growth-monitoring of forests through the Silvanet solution, which uses solar-powered, AI-driven networks to detect the early signs of wildfires.
It is now developing Florian to suppress these fires. Using an autonomous drone fleet equipped with innovative fire suppression technology, such as acoustic waves, Florian is designed to extinguish wildfires before they have a chance to spread. These drones will be permanently stationed in high-risk forests, ensuring a rapid response to potential threats.
By 2030, Dryad aims to prevent 3.9 million hectares (9.6 million acres) of forest from burning, preventing 1.7 billion metric tons of CO2 emissions.
FinSMEs
22/10/2024