OroraTech, a leader in wildfire intelligence, announced the successful closure of its €25 million Series B funding round. The funding was spearheaded by Korys, the European Circular Bioeconomy Fund (ECBF), along with the company’s long-time investor Bayern Kapital. This substantial investment will propel OroraTech's strategic growth, enabling the company to enhance its predictive artificial intelligence capabilities and expand its global footprint, particularly in key markets grappling with the increasing threat of wildfires.

A Commitment to Innovation and Sustainability

Frederik Simoens, Investment Director at Korys, expressed the firm’s enthusiasm for supporting OroraTech. He highlighted the company's innovative satellite-based wildfire detection platform and its commitment to reducing carbon emissions and addressing climate change challenges. This funding round reflects a broader trend of investors recognizing the importance of technology-driven solutions for pressing environmental issues.

The funding round also saw the recommitment of several existing investors, including Edaphon, Ananda Impact Ventures, ConActivity, and Findus Venture. This renewed confidence underscores the robust momentum OroraTech is gaining in the wildfire management market, which has become increasingly critical given the rising frequency and intensity of extreme wildfires in recent years.

Expanding Global Reach and Technological Advancements

The new capital will enable OroraTech to strengthen its presence in North America and the Asia Pacific region—areas that are rapidly recognizing the necessity of effective wildfire management strategies. The company plans to invest in the advancement of its proprietary orbital thermal sensor network and its predictive AI technologies. These enhancements will significantly improve the speed and accuracy of wildfire detection, empowering decision-makers with timely data to assess risks and optimize operational efficiency.

Martin Langer, CEO and CTO of OroraTech, expressed his excitement about the company’s future prospects, stating, “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.” He emphasized the company’s mission to mitigate the devastating impacts of extreme wildfires worldwide.

Innovative Solutions in Wildfire Management

OroraTech is revolutionizing wildfire management by utilizing real-time data from space to detect and monitor fires with unmatched precision. Their Wildfire Solution platform is designed to estimate wildfire risks, detect outbreaks, and predict fire growth on a global scale. Recently, OroraTech secured a €20 million contract with the European Space Agency to support wildfire management efforts in Greece, further demonstrating its commitment to providing long-term solutions in this critical field.

The company's technology integrates high-resolution thermal data from its proprietary satellite system, ensuring accurate wildfire detection regardless of the time of day. This innovative approach enables timely action and effective risk mitigation for firefighting agencies, organizations, and land managers.

Supporting the Future of Environmental Sustainability

OroraTech's mission aligns with the increasing global emphasis on sustainability and the urgent need to address climate change. By empowering firefighters and land managers with advanced technologies, the company aims to minimize the destruction caused by wildfires, ultimately contributing to environmental conservation.

Monika Steger, Managing Director of Bayern Kapital, commended OroraTech's progress since their initial investment in 2021. “OroraTech stands as one of the most dynamic SpaceTech pioneers in Germany,” she noted, highlighting the company’s growth and the importance of its mission. “Supporting OroraTech's mission to deliver cutting-edge wildfire and thermal intelligence for a sustainable future is a source of pride for us.”

OroraTech's recent €25 million Series B funding marks a significant milestone in the company's journey toward becoming a leader in wildfire intelligence. With a focus on enhancing its predictive AI capabilities and expanding its global presence, OroraTech is well-positioned to address the increasing challenges posed by wildfires. As the company continues to innovate and develop advanced technologies, it remains committed to fostering a sustainable future and making a meaningful impact on wildfire management worldwide.