OroraTech Secures $25M for Advanced Wildfire Detection Satellites

OroraTech Secures $25M for Advanced Wildfire Detection Satellites
OroraTech has raised $25 million to enhance its space-based wildfire detection capabilities. The German startup currently operates two thermal-infrared satellites and plans to expand its constellation to eight by mid-2025. This funding round, led by Korys and the European Circular Bioeconomy Fund, will support the development of predictive AI systems and the launch of the FOREST-3 satellite in early 2025. OroraTech aims to provide near-real-time monitoring of wildfire-prone areas, having recently secured a €20 million contract to monitor forests in Greece.