OroraTech announces Seed round

Munich-based OroraTech announced a seed investment; bringing its total funding to date to $1.8 million. OroraTech has been financed so far by research funds from the German federal government and the EU, as well as by private investments from business angels.

Established in 2018 during a research project at the Technical University of Munich (TUM) and led by co-founder and CEO Thomas Grübler, OroraTech is a team of 25 people developing a satellite-based service for global wildfire monitoring.

Wildfires are becoming more severe and devastating, being responsible for about 10% of global CO2 emissions every year. OroraTech is committed to safeguarding forests around the world and preserving biodiversity. Therefore, the company not only focuses on improved detection and monitoring of forest fires, but also on risk and damage analysis based on vegetation, weather, and topographical data.

“I see the NewSpace segment as the business of the future, especially with satellite constellations and their diverse applications to identify hidden contributors to climate change. OroraTech convinced me above all with its highly talented, motivated, and professional team. I am proud to support OroraTech as lead investor and look forward to accompanying them on their way.” – Martin Weiss, lead investor.

The company plans to include solutions for urban heat management, agriculture, weather forecasts, climate models, and real-time market information.