Korys’ Post

I am thrilled to announce that OroraTech has successfully closed a €25 million Series B funding round, a critical step in accelerating our mission to revolutionize wildfire management through cutting-edge technology. This investment represents far more than capital - it marks the beginning of a transformative journey where we will scale our technology and expand our team to continue building solutions that truly make a difference. With the support of Korys, the European Circular Bioeconomy Fund (ECBF), Bayern Kapital, and our valued long-standing investors, we’re poised to achieve incredible growth. So what's up next? This funding will allow us to bring in the best and brightest talent from across the globe. We’re growing our teams in North America, the Asia Pacific region, and beyond, which will help us meet the increasing demand for wildfire management solutions and accelerate innovation in the sector. Expanding our team isn’t just about numbers—it’s about enhancing the diverse skills and perspectives needed to tackle the world’s wildfire crisis. In parallel, we’re advancing our predictive AI algorithms and expanding our orbital sensor network, which will allow us to predict, detect and monitor wildfires with unprecedented speed and precision. OroraTech will continue to break down barriers of access to data, and we will continue to empower people around the globe and decision-makers to prevent and manage extreme fires more effectively, protecting ecosystems and communities worldwide. As we move into this next phase of growth, I want to extend my heartfelt thanks to our investors, partners, and the incredible OroraTech team. Together, we are taking a massive leap toward reducing the devastating impact of wildfires across the globe. 🌍🔥 If you’re passionate about making a difference and want to be part of this mission, we’re hiring! https://lnkd.in/d7cmaanS #SeriesB #Funding #WildfireManagement #AI #Innovation #OroraTech #Growth #TechForGood

We are excited to announce the successful closure of our €25 million Series B funding, led by Korys, the European Circular Bioeconomy Fund (ECBF), and Bayern Kapital. Many of our current investors also recommitted capital, showing strong confidence in our future. This investment will accelerate our global expansion and further enhance OroraTech’s predictive AI capabilities and orbital sensor network, enabling faster and more precise wildfire detection and response. With wildfires becoming more frequent and intense, this funding will allow us to strengthen our presence in key markets like the United States, Canada, and Australia, where the need for real-time wildfire intelligence is critical. Our cutting-edge technology empowers fire agencies and organizations to make data-driven decisions, reduce damage, and save lives. We’re incredibly grateful for the support from our investors as we continue to revolutionize wildfire management and combat climate change. Together, we’re on a mission to protect people, assets, and the planet. See our full press release here: https://lnkd.in/d27cDYGc

Today we are celebrating the closing of a successful Series B round with €25 million of new funding, with everyone who believes in our valuable mission: to make our planet a better place by providing the best data for wildfire management. We welcome our new investors, Korys and European Circular Bioeconomy Fund (ECBF), as well as Bayern Kapital and all our long-standing investors. A huge thank you for your trust and confidence as we build the best wildfire management system on planet Earth. Our customers can celebrate too: this investment sparks new product innovation whose release we can accelerate, being put directly into the hands of our customers. These include: - Near-real-time fire data, also during the afternoon and early mornings. - Event triage and fast fire spread simulation to help you make tough decisions. - Better preparation with short-term fire hazard predictions. - Faster recovery with an accurate and more detailed burnt area product. And, of course, all of these products will profit from more frequent updates when our first plane of eight OroraTech satellites goes online in 2025. Finally, we are also developing new applications tailored to the Utility and Climate sectors, as always, side-by-side with our customers and go-to-market partners. We are strengthening our global Sales and Customer Success teams, to accelerate our goal of being where our customers are. Let’s celebrate today, and stay tuned for updates as we roll out these amazing updates! https://lnkd.in/dP3mwa44

First results from our flagship EIF #VC Survey 2024 are in! 🆕 Check the top 20 slides here for current market sentiment and outlook based on responses from 398 GPs across Europe. Top challenges (still) relate to the exit environment #IPO, difficulties around #fundraising, and the availability of #scaleup financing. Slide 6 shows an evolution of these aspects in a 3-year comparison 💡 For investment areas, a large share of VC respondents' portfolio companies are active in #AI, #Deeptech, and #Cleantech; whilst promising sectors are expected to include #biotech, #energy and #climate related solutions. ⚙️ Our surveys are conducted with the support of Invest Europe #VCF24 and include #venturecapital and #privateequity fund managers - both backed and non-backed by the EIF. This way we ensure a broad and balanced market coverage for our results - full report coming soon at #UglyDuck24. Kudos to our research teams with Helmut Kraemer-Eis, Dr., Frank Lang, Antonia Botsari, Julien Krantz and Lucrezia Lo Sordo.

Interested in the landscape of the scale-up financing in Europe? 💡📈 Some first results of this year's EIF VC Survey are out ⬇️ Stay tuned for the full report🔜

Must read for #innovation #vc #startup #scaleup community 👀🔎🎁 Check the summary slides. VC sentiment in Europe is optimistic but persistent uncertainty in exits and fundraising impact the market. When looking at exits, 28% and 19% relate to trade sale or PE sale respectively (whilst 29% on liquidation!). Another challenge is lack of LPs or institutional investors backing VC- no news here when we talk about innovation finance. Outlook for portfolio seems to be positive on company development, but startups still face hurdles related to seed finance and customer acquisition- that is why improving SMS #investmentreadiness is so fundamental. My takeaway- the role of public institutions is not only related to #derisking and bringing follow on/scale up finance to the system, but focusing on strong investment platforms and #businesssupport as a means to strengthen any economic sector. This involves training investors on business opportunities, helping start ups to commercialise and scale on the market, supporting a community of investors and raising awareness among institutional investors on why they should finance innovation.

𝐖𝐡𝐲 𝐡𝐚𝐬 𝐬𝐲𝐧𝐝𝐢𝐜𝐚𝐭𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐫𝐞𝐦𝐚𝐢𝐧𝐞𝐝 𝐬𝐨 𝐜𝐨𝐦𝐩𝐥𝐞𝐱 𝐟𝐨𝐫 𝐬𝐨 𝐥𝐨𝐧𝐠 ⁉ In a world where innovation drives change across every sector, it’s surprising that syndicate formation still feels bogged down by unnecessary costs and inefficiencies. Comet by Auptimate was born from the belief that investors deserve better—solutions that are faster, simpler, and more accessible. The market evolves quickly, so shouldn’t our investment process evolve with it? Our goal was that Comet could eliminate these outdated barriers, making syndicate investing seamless and more focused on what really matters: identifying new opportunities and driving growth. It's time we rethink how we approach investing. To learn about Comet, click here: https://lnkd.in/dJWC9sTV #Auptimate #AngelInvesting #Innovation #VentureCapital #SPV #InvestmentStrategy

🌿 Welcome to Viridis: Where Innovation Meets Sustainability! 🌿 In 2022, we set out in Munich with a small team but a massive vision. At Viridis, we’re driven by the power of green tech and the bioeconomy to transform our world. 🎯 Our Mission To create an open and participatory cooperation and investment platform that promotes research, development, entrepreneurship, and global societal benefit. 🌍 Our Vision We aspire to be a global player pioneering green tech and the circular bio-economy from Bavaria, providing a sustainable basis for value creation. As an incubator, investor, and accelerator, we unite experts and stakeholders from the green tech and bioeconomy industries across Bavaria and the world. 💡 What Sets Us Apart? Forward-Looking Solutions: We create sustainable answers to complex economic and environmental crises. Interdisciplinary Collaboration: Our value creation communities foster innovation through diverse expertise. Commitment to Sustainability: Our investments focus on projects that deliver both ecological and economic returns. 🏛️ What is a DAO? Viridis leverages innovative DAO-based technology to empower our founders and stakeholders. This model ensures transparent and decentralized decision-making. Thanks to DAO technology, every member has a voice and the power to vote on key decisions, promoting active participation and reducing risks of corruption and censorship. Join us on this exciting journey towards a greener, more sustainable future. Together, we can make a significant impact on global ecological and economic development. 🌍💚 Stay tuned for our next post where we’ll dive deeper into the benefits of being part of a DAO! #GreenTech #Bioeconomy #Sustainability #Innovation #Investment #DAO #Decentralization #FutureForward #ViridisVision 💬 We'd love to hear your thoughts! Comment below on how you see green tech shaping our future."

🚀 Unlocking Europe's Quantum Potential with the EIC 🌍 Europe is on the brink of a quantum leap in technology, and the European Innovation Council (EIC) is at the forefront of this revolution. Led by Michiel Scheffer, the EIC is driving innovation across key sectors, with quantum technology taking center stage. 💡 Strategic Priorities: Europe's focus on energy autonomy, materials innovation, and quantum leadership underscores its commitment to innovation. With renewable energy sources and bio-based materials in the spotlight, Europe is poised to become a global leader in quantum technology. 🌐 Collaboration and Innovation: The EIC Fund's proactive investment approach has propelled over 100 startups forward, fostering collaboration and driving innovation. Strategic partnerships and contracts with industrial giants and governments are key to the success of deeptech ventures. 🌈 Empowering Deeptech Ventures: The EIC prioritizes societal impact over unicorn pursuits, empowering startups in health, industry, and climate tech. By nurturing a diverse portfolio, the EIC aims to catalyze innovation and drive positive change. 🔮 Looking Ahead: As Europe's quantum ambitions soar, the EIC remains committed to shaping the future of technology. Join us in embracing the quantum revolution and unlocking Europe's full potential in innovation! #FridayTechPunkNews #QuantumRevolution #EICFund #InnovationLeadership 🛠️🔬

To many people futures work is particularly about technological innovation. Trying to forecast what innovations will change their world. But is the relationship between Foresight and Innovation so clear cut? In episode 177, Peter Hayward speaks with Patrick Duin, van der van der Duin who is a researcher, consultant and educator in Foresight and Innovation Management about how Foresight drives Innovation and Innovation drives Foresight. #futurepod #foresight #futures #futurist #futuresthinking #strategicforesight #futurestudies #futuresliteracy