OroraTech in a €5.8 million Series A funding round led by Findus Venture and Ananda Impact Ventures.

OroraTech, a Munich, Germany-based startup providing global wildfire detection and monitoring services, announced closing a €5.8 million ($7M) Series A funding round.

The money was raised from investors led by Findus Venture and Ananda Impact Ventures, with contributions from APEX Ventures, BayernKapital, and business angels from Germany including Clemens Kaiser, SpaceTec Capital and Ingo Baumann.

Proceeds will be used for further advancement of technology and development of the international team, as the company aims to launch their first satellites and scale its geospatial data analysis platform.

OroraTech, founded in 2018 as a spin-off from the Technical University of Munich (TUM) by CEO Thomas Grübler, Björn Stoffers, Florian Mauracher, and Rupert Amann, developed an intelligence software solution that uses thermal-infrared data from space in order to prevent, monitor and uncover the damages caused by climate change and to tackle environment-related business opportunities. Besides forest fire detection, OroraTech also works on solutions to monitor gas flares, improve weather models, and analyze agricultural areas.

OroraTech’s platform currently uses a custom wildfire detection algorithm and data from 14 different satellites in Low Earth Orbit (LEO) and Geostationary Orbit (GEO) to notify users of fires in their area of interest and to support immediate firefighting.

The platform is used by government agencies, insurance companies, and commercial forestry operators around the globe, helping mitigate the environmental and economic impacts of forest fires and other climate change related topics.