Munich-based startup OroraTech has secured €25mn in funding to scale up its AI-powered wildfire detection system. Korys, the investment arm of the Colruyt’s — a Belgian noble family — led the funding round. The EU’s Circular Bioeconomy Fund (ECBF) also chipped in, alongside existing investor Bayern Kapital. OroraTech will use the fresh funding to fuel the next phase of its growth. The company looks to expand into global markets beyond Europe, and keep refining its technology. OroraTech’s so-called Wildfire Solution collates imagery from its own probes, as well as over 20 other Earth observation satellites. The startup has trained an…
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