Dryad Networks, a Germany-based tech firm, has successfully raised €5.6 million in a convertible financing round, setting the stage for a larger Series B funding target of €15-20 million later this year. The funding will support the rollout of its third-generation Silvanet wildfire detection system that includes LoRaWAN Mesh, a cloud platform, AI-enabled gas sensors and a solar-powered infrastructure for early wildfire detection.
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