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