OroraTech has successfully extended its Series B financing round to €37 million, led by BNP Paribas and Rabo Ventures, to enhance its wildfire intelligence solutions using satellite technology.

Target Information

OroraTech, a leading global company in wildfire intelligence and risk assessment, has recently expanded its Series B financing round to €37 million. This round was predominantly led by the BNP Paribas Solar Impulse Venture Fund with additional participation from Rabo Ventures, as well as existing investors Bayern Kapital, Edaphon, and the European Circular Bioeconomy Fund (ECBF). Currently operating with ten satellites in orbit, OroraTech provides the most persistent and comprehensive thermal data stream in the industry, allowing for the creation of a digital twin of the Earth to monitor wildfire events accurately and continuously.

The innovative platform developed by OroraTech enables users to access critical information regarding wildfires on a 24/7 basis and simulates future fire behavior with high precision. By establishing robust space infrastructure alongside intelligent ground data processing, OroraTech efficiently transforms thermal data into actionable intelligence, proving essential for wildlife management and risk assessment operations.

Industry Overview

The global wildfire risk management industry is experiencing heightened demand, particularly due to the increasing frequency and intensity of wildfires exacerbated by climate change. This trend has been especially evident in Europe, where wildfire