Dryad raises €5.6m for wildfire detection

Dryad raises €5.6m for wildfire detection

Business news |
By Nick Flaherty

Dryad Networks in Germany has closed an initial round of €5.6 million in convertible financing round as part of a €10 fund raising.

This is a prelude to Dryad’s Series B funding round later this year, targeting €15-20 million.

The convertible financing round saw participation from both existing and new investors for the roll out of the third generation of wildfire detection systems with direct satellite connection.

The Silvanet system combines solar-powered infrastructure with state-of-the-art AI-enabled gas sensors strategically placed in forested areas. This detects wildfires at their earliest stages, enabling rapid response and mitigation efforts, ultimately saving lives, property, and natural habitats.

“We are thrilled to announce the initial closing of €5.6 million in convertible financing, with the support of both existing and new investors. This substantial investment serves as a strong endorsement of Dryad’s technological solution and the company’s market position and potential,” said Carsten Brinkschulte, CEO of Dryad Networks.

“With this funding, we are well positioned to further accelerate the development and deployment of our wildfire detection technology, bringing us closer to our mission of safeguarding communities and ecosystems against the devastating impacts of wildfires.”

Silvanet is currently deployed in more than twenty countries around the world across North America, Europe and Asia, with 30,000 sensors shipped to date.



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