Ibadan, 15 May 2025. – OroraTech has extended its Series B financing round to €37m, led by BNP Paribas Solar Impulse Venture Fund. The round also witnessed participation from Rabo Ventures, as well as long standing investors Bayern Kapital, Edaphon, and the European Circular Bioeconomy Fund (ECBF).
With ten satellites already in orbit, OroraTech delivers the world’s most persistent and comprehensive thermal data stream, enabling the creation of a wildfire digital twin of the Earth. This dynamic model allows users to understand any wildfire event globally, 24/7 and simulate future fire behavior with unprecedented accuracy. By building both the infrastructure in space and the intelligent data pipelines on Earth, OroraTech aims to transform raw thermal data into actionable intelligence.
Commenting on the round, Martin Langer, CEO & CTO of OroraTech, said, “We are executing on a rare window of opportunity – where our scalable space infrastructure meets breakthrough AI. The backing of two of Europe’s leading banks is a testimony to OroraTech’s position at the forefront of the market, and will further drive our growth as the foundational thermal intelligence provider for many industries and governments worldwide.”
Similarly, Lucas Guillet, Investment Director at BNP Paribas Solar Impulse Venture Fund, the lead investor, stated: “We are pleased to support OroraTech, which has established a strong reputation in the space industry and wildfire management ecosystem. Their ability to design and operate nanosatellites, as well as interpret complex data, has contributed to the commercial success of their Wildfire Intelligence solution.”
In the past year, OroraTech has signed close to €100 million in commercial contracts and venture capital. Furthermore, this momentum underscores the wildfire-detection company’s position as a provider of real-time intelligence from space. Likewise, the company’s innovative wildfire management platform, Wildfire Solution, can estimate the risk, detect the outbreak, and predict the growth of any forest fire on Earth.
