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Top related persons:
OroraTech - 1 Martin Langer - 1 Langer - 1 Siemens Klaus Kleinfeld - 1 Hendrik Kramer - 1 DB - 1 Kramer - 1 Nick Carey - 1
Top related locs:
Munich Greece Bavarian Fernride Hamburg
Top related orgs:
Bayern Kapital - 2 Service - 1 Ananda Impact Ventures - 1 ConActivity - 1 Findus Venture - 1 Munich Re Ventures - 1 Siemens - 1 Deutsche Bahn - 1

Search resuls for: "Bayern Kapital"


2 mentions found


☆ This startup uses AI to predict wildfires. Check out the 10-slide deck OroraTech used to raise a $27 million Series B.
  + stars: | 2024-10-15 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +2 min
Munich-based startup OroraTech has secured a $27 million Series B funding round. The startup uses AI and thermal data to predict and monitor wildfire risks globally. The startup provides thermal data and insights to customers for a range of use cases — predominantly to predict and monitor the risk of wildfires. AdvertisementOroraTech has gained interest from various stakeholders, including governments and insurance companies. The startup makes its money by charging a monthly subscription to companies that can use its API to stream OroraTech data into their own systems.
Persons: OroraTech, Martin Langer, Langer Organizations: Service, Bayern Kapital, Ananda Impact Ventures, ConActivity, Findus Venture Locations: Munich, Greece
☆ German startup Fernride raises $50 mln for self-driving freight trucks
  + stars: | 2023-09-20 | by ( Nick Carey | ) www.reuters.com   time to read: +2 min
LONDON, Sept 20 (Reuters) - German self-driving startup Fernride said on Wednesday that it has raised $50 million in Series A funding to increase the use of its "human-assisted" autonomous freight trucks in customer's logistics yards. The Munich-based startup had initially closed the funding round with $31 million, but had extended it due to high investor interest, the company said. New investors include Munich Re's venture capital arm Munich Re Ventures, Bavarian venture capital firm Bayern Kapital and former Siemens Klaus Kleinfeld, who will become chairman of the board at Fernride. Existing investors, including strategic investors HHLA (HHFGn.DE) and Deutsche Bahn (DBN.UL) unit DB Schenker also participated in the funding round. Fernride's trucks currently operate autonomously around 80% of the time, then remote human operators to step in to help the remainder of the time.
Persons: Siemens Klaus Kleinfeld, Hendrik Kramer, DB, Kramer, Nick Carey, David Evans Organizations: Munich Re Ventures, Bayern Kapital, Siemens, Deutsche Bahn, DB Schenker, Volkswagen, Thomson Locations: Munich, Bavarian, Fernride, Hamburg
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