OroraTech, a Munich, Germany-based company which specializes in wildfire intelligence, raised €25M in Series B funding.
The round was led by Korys, the European Circular Bioeconomy Fund (ECBF), and Bayern Kapital, with participation from Edaphone Private Impact Fund, Ananda Impact Ventures, ConActivity KG, and Findus Venture.
The company intends to use the funds to expand its existing footprint in North America and the Asia Pacific region, and enhance its predictive AI capabilities and orbital sensor network.
Led by CEO Martin Langer, OroraTech is an intelligence-as-a-service wildfire management platform which leverages predictive algorithm data fed by a thermal satellite network to enable companies, organizations, and fire agencies to actively respond to the global wildfire crisis, reducing damage and saving lives. Wildfire Solution can estimate the risk, detect the outbreak, and predict the growth of any forest fire on Earth.
Since 2022, the company has established a comprehensive global satellite network, delivering real-time situational awareness and prompt risk alerts. The system detects fires of any scale, day or night, ensuring timely action.
Founded in 2018, OroraTech has operations in Australia, Brazil, Canada, Greece, and the United States.
FinSMEs
15/10/2024