OroraTech extends its Series B to €37m with investments from two leading European banks

OroraTech, the global leader in wildfire intelligence and risk assessment, has extended its Series B financing round to €37m. The round was led by BNP Paribas Solar Impulse Venture Fund, with participation from Rabo Ventures, and long standing investors Bayern Kapital, Edaphon, and the European Circular Bioeconomy Fund (ECBF).

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OroraTech is a global intelligence-as-a-service company leveraging thermal data for a sustainable Earth. Its Wildfire Solution platform is powered by high-resolution thermal data from its proprietary and public satellite system, that delivers real-time situational awareness and prompts risk alerts to revolutionize wildfire intelligence worldwide.

The cutting-edge system detects fires of any scale, day or night, ensuring timely action. Founded in 2018, OroraTech is headquartered in Munich, Germany, with operations in the United States, Australia, Brazil, Canada and Greece. A dedicated team of more than 140 experts is committed to delivering innovative solutions for a sustainable future.

With ten satellites already in orbit, OroraTech delivers the world’s most persistent and comprehensive thermal data stream, enabling the creation of a wildfire digital twin of the Earth. This dynamic model allows users to understand any wildfire event globally, 24/7, and simulate future fire behavior with unprecedented accuracy. By building both the infrastructure in space and the intelligent data pipelines on Earth, OroraTech is transforming raw thermal data into actionable intelligence.

Martin Langer, CEO & CTO of OroraTech, said: “We are executing on a rare window of opportunity - where our scalable space infrastructure meets breakthrough AI. 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.”

Lucas Guillet, Investment Director at BNP Paribas Solar Impulse Venture Fund, stated: "We are pleased to support OroraTech, which has established a strong reputation in the space industry and wildfire management ecosystem. 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. 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."

Shishir Sinha, Executive Director 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. As a bank with exposure to forestry and rural sectors, we recognize the urgent need to address these risks. We at Rabo Ventures are excited to back Martin and the team at OroraTech, who have developed a globally scalable wildfire intelligence platform which is already delivering value to stakeholders across Australia, Europe and the Americas."

In the past year, OroraTech has signed close to €100 million  in commercial contracts and venture capital.

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