OroraTech has confirmed it has extended its Series B funding round to €37 million, with participation from BNP Paribas Solar Impulse Venture Fund, Rabo Ventures, Bayern Kapital, Edaphon and the European Circular Bioeconomy Fund.
According to OroraTech, the Munich-based company operates ten satellites to deliver thermal data for early wildfire detection and fire behaviour prediction.
The company stated that the new funding would support further development of its space-based thermal intelligence infrastructure.
Dr Martin Langer, CEO and CTO of OroraTech, said the investment would enable the company to scale its service for use across government agencies and commercial clients.
OroraTech stated that it currently operates ten satellites in orbit, generating a continuous thermal data stream used to support wildfire risk assessment and early warning systems.
The company said its Wildfire Solution platform uses this data to estimate fire risks, detect outbreaks and predict fire spread worldwide.
The system has already been deployed in Australia, Europe and the Americas.
The company said this approach allows real-time monitoring and scenario modelling, giving agencies the ability to simulate future fire behaviour.
BNP Paribas Solar Impulse Venture Fund and Rabo Ventures were named as leading investors in the funding round.
Lucas Guillet, Investment Director at BNP Paribas Solar Impulse Venture Fund, said: “We are pleased to support OroraTech, which has established a strong reputation in the space industry and wildfire management ecosystem.”
Guillet added: “Their ability to design and operate nano-satellites, as well as interpret complex data, has contributed to the commercial success of their Wildfire Intelligence solution.”
Shishir Sinha, Executive Director at Rabo Ventures, commented: “The increasing intensity and frequency of wildfires poses a significant threat to our planet, emitting billions of tons of C02 annually, driving biodiversity loss, and diminishing the overall resilience of our ecosystems.”
OroraTech said it had signed nearly €100 million in commercial contracts and capital investments over the past year.
Dr Martin Langer stated: “We are executing on a rare window of opportunity – where our scalable space infrastructure meets breakthrough AI.”
He continued: “The backing of two of Europe’s leading banks is a testimony to OroraTech’s position at the forefront of the market, and will further drive our growth as the foundational thermal intelligence provider for many industries and governments worldwide.”
Guillet added: “Our network along with Rabobank offers a promising chance to support solutions that can improve forest protection globally, a mission that aligns perfectly with our fund’s investment thesis.”
OroraTech has extended its Series B funding round to €37 million.
The round was led by BNP Paribas Solar Impulse Venture Fund and Rabo Ventures.
Other contributors included Bayern Kapital, Edaphon and the European Circular Bioeconomy Fund.
The company operates ten satellites that collect thermal data for wildfire detection and forecasting.
OroraTech stated that the funding will be used to expand its space and data infrastructure.
Dr Martin Langer said the investment will support global scaling of its wildfire intelligence services.
The company’s Wildfire Solution platform models fire risks and growth in real time.
Rabo Ventures cited growing wildfire threats and biodiversity impacts as key factors in the investment.
BNP Paribas highlighted OroraTech’s capacity to manage satellite and data operations effectively.
OroraTech reported nearly €100 million in contracts and investments in the last year.
