Wildfire intelligence company OroraTech announced closing its $27.3 million Series B funding round led by Korys, the European Circular Bioeconomy Fund (ECBF), and long-standing investor Bayern Kapital. This funding round will advance the next phase of OroraTech’s strategic growth, with the company further expanding key global markets and enhancing its predictive AI capabilities and orbital sensor network. Through predictive algorithm data fed by their thermal satellite network, OroraTech enables companies, organizations, and fire agencies to actively respond to the global wildfire crisis, reducing damage and saving lives.
Headed by Bayern Kapital, many of OroraTech’s current investors also recommitted capital, including Edaphone Private Impact Fund, Ananda Impact Ventures, ConActivity KG, and Findus Venture. This validates the confidence in OroraTech’s solutions and its momentum to accelerate profitably in the wildfire management market. As the threat and scale of extreme wildfires have increased in the last few years, this investment will accelerate OroraTech’s mission of empowering firefighters and land managers to mitigate destructive fires worldwide.
This newly raised funding will be used to expand OroraTech’s existing footprint in North America and the Asia Pacific region, key markets where the need for effective wildfire management is increasing rapidly. This includes investments in advancing its proprietary orbital thermal sensor network and predictive AI technologies. These technologies will enhance the precision and speed of wildfire detection, allowing decision-makers to better assess risks and make data-driven choices that improve operational efficiency.
OroraTech is transforming how wildfires are managed, using real-time data from space to detect and monitor fires with unprecedented accuracy. And their innovative wildfire management platform, Wildfire Solution, can estimate the risk, detect the outbreak, and predict the growth of any forest fire on Earth. The company’s recent €20 million contract with the European Space Agency that supports the Greek government also further demonstrates its global impact and commitment to providing long-term solutions for wildfire prevention and management.
KEY QUOTES:
“Our investment in OroraTech highlights our dedication to nurturing innovative companies that leverage technology for the benefit of our planet. We selected OroraTech for their pioneering satellite-based wildfire detection platform and are thrilled to support their ground-breaking efforts to reduce carbon emissions and combat the consequences of climate change.”
-Frederik Simoens, Investment Director, and Karel Van Cleemput, Senior Investment Manager at Korys
“OroraTech stands as one of the most dynamic SpaceTech pioneers in Germany. Since our investment in 2021, the company has not only strengthened its foundation but has also expanded its global footprint. We invest in high-tech trailblazers with bold, future-forward visions. Supporting OroraTech’s mission to deliver cutting-edge wildfire and thermal intelligence for a sustainable future is a source of pride for us.”
-Monika Steger, Managing Director of Bayern Kapital
“We are thrilled to welcome Korys, ECBF, and all our partners as we embark on this next phase of our journey. Their strategic support, combined with the continued confidence from our existing investors, will be pivotal as we enhance our technology and grow globally. Together, we are poised to make significant strides in eradicating the devastating impact of extreme wildfires worldwide.”
-Martin Langer, CEO of OroraTech
