Munich Based OroraTech Raises €25M for Wildfire Detection Tech

Image source: Ororatech

Published on October 17, 2024

OroraTech, a Munich-based startup specializing in thermal-infrared data intelligence, has raised €25 million in Series B funding, led by Korys with contributions from the European Circular Bioeconomy Fund (ECBF) and Bayern Kapital, among others. This investment should bolster OroraTech’s development of nanosatellite-based technology aimed at improving global wildfire detection and management.

Founded in 2018, OroraTech leverages nanosatellites equipped with advanced thermal sensors to monitor temperature changes in real-time, providing early warnings for wildfire outbreaks. The company’s flagship satellites, FOREST-1 and FOREST-2, have helped establish an early warning system that tracks Earth’s temperatures across six continents. By harnessing artificial intelligence, OroraTech’s platform can analyze temperature data, delivering alerts for potential wildfire threats.

The latest funding will support OroraTech’s expansion into high-demand regions, including North America and Asia Pacific, where the need for advanced wildfire management solutions is increasingly critical. In addition to expanding their satellite network, the funds will be used to enhance OroraTech’s proprietary thermal sensor technology, improving both the speed and accuracy of wildfire detection.

OroraTech has developed a broad client base that includes commercial enterprises and governmental agencies in countries like Australia, Brazil, and the United States. The company also has a notable contract with the European Space Agency and collaborates with the Greek government to strengthen wildfire prevention efforts.

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