Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Nippon India MF launches MNC Fund NFO, open till July 16
    • JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing
    • What Is TREPS In Mutual Funds? | Business News
    • Growth NAV emerges as alternative to dividend model in liquid ETFs: Angel One
    • Fisher Investments France partage son avis sur les rachats d’actions
    • What Are ETFs? The Easy, Low-Cost Route To Diversified Investing | Business News
    • Mutual funds are taking cash calls—but are they working?
    • Investing in CIBC mutual funds
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Dryad Funding Wildfire Detection and Suppression
    Funds

    Dryad Funding Wildfire Detection and Suppression

    October 27, 2024


    Dryad Funding Will Help Develop Drone-Based System for Early Wildfire Response

    Berlin’s Dryad Networks announced new funding to accelerate its wildfire prevention solutions, focusing on innovation and development. The company has received a €3.8 million grant from the European Regional Development Fund (ERDF), administered through Investitionsbank des Landes Brandenburg (ILB). This grant will support the development of an autonomous drone-based wildfire suppression system called ‘Florian,’ designed to address fires at their early stages.

    New Investments Drive Innovation

    In addition to the ILB grant, Dryad Networks also secured €2.5 million from First Imagine!, a climate-tech investor. This brings their total funds raised in the April convertible financing round to €8.9 million. This new investment will support the expansion of the Silvanet wildfire detection platform and further development of the Florian system. Silvanet uses AI and solar-powered sensors to detect early wildfire signals.

    Carsten Brinkschulte, CEO and Co-founder of Dryad Networks, expressed enthusiasm about the funding. “We are thrilled to receive this substantial funding from ILB, which will significantly advance our ‘Florian’ project,” said Brinkschulte. “Combining this with the new investment from First Imagine Ventures, we are well-positioned to revolutionize wildfire management. Our vision is not only to detect wildfires at their earliest stages but also to suppress them quickly, minimizing damage to communities, ecosystems, and infrastructure.”

    Developing the Florian System

    Dryad Networks’ new project, ‘Florian,’ is designed to work in tandem with the existing Silvanet system. Florian aims to suppress wildfires using a fleet of autonomous drones equipped with advanced technology, including acoustic wave suppression methods. These drones will be stationed in high-risk forests to ensure they can respond swiftly when a potential threat is detected. The combination of early detection through Silvanet and immediate suppression from Florian seeks to minimize wildfire damage.

    Industry Support and Future Goals

    Boris Dorin, Partner at First Imagine!, expressed confidence in Dryad’s technology. “Dryad’s groundbreaking approach to wildfire detection and suppression is exactly the type of transformative technology we seek to support. As wildfires grow in intensity and frequency due to climate change, the need for scalable, proactive solutions has never been more urgent. We are excited to partner with Dryad Networks in their mission to protect critical ecosystems and build a more resilient, sustainable future.”

    Dryad’s participation as a finalist in the XPRIZE Wildfire Competition highlights the urgency and importance of innovative solutions in this field. With extreme wildfires causing extensive damage and costing billions of euros globally, new technologies like Dryad’s are essential for addressing these challenges. The company remains committed to expanding its sensor networks, improving technology, and building partnerships to enhance global wildfire management and resilience.

    Silvanet System Deployment and Global Reach

    Dryad Networks’ core product, Silvanet, uses solar-powered sensors to detect early signs of wildfires. These sensors are already deployed in over twenty countries across North America, Europe, Asia, and Australasia, with over 20,000 units shipped to date. The company continues to expand its network, aiming to prevent millions of hectares of forest from burning and reduce global CO2 emissions significantly by 2030.

    For more information, visit Dryad Networks or First Imagine!.

    Read more:

    Miriam McNabbMiriam McNabb

    Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry.  Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
    For drone industry consulting or writing, Email Miriam.

    TWITTER:@spaldingbarker

    Subscribe to DroneLife here.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Mediolanum cède 3,5 % de Mediobanca, les hedge funds à l’affût

    July 1, 2025

    Les Fonds Lysander lancent de nouveaux fonds d’actions canadiennes

    June 27, 2025

    Auris Gestion dévoile un fonds investissant majoritairement dans la BITD européenne

    June 27, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Nippon India MF launches MNC Fund NFO, open till July 16

    July 3, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    Quel est le rôle du service des impôts des particuliers (SIP) ?

    May 7, 2020
    Don't Miss
    Mutual Funds

    Nippon India MF launches MNC Fund NFO, open till July 16

    July 3, 2025

    Nippon India Mutual Fund has launched a new fund offer on Nippon India MNC Fund…

    JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing

    July 3, 2025

    What Is TREPS In Mutual Funds? | Business News

    July 3, 2025

    Growth NAV emerges as alternative to dividend model in liquid ETFs: Angel One

    July 3, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Municipals outperform USTs, ratios fall

    October 21, 2024

    Credit Suisse: pas de prison pour le banquier des «tuna bonds»

    June 19, 2025

    Council adopts ordinance regarding bond issuance for critical water infrastructure improvements

    October 18, 2024
    Our Picks

    Nippon India MF launches MNC Fund NFO, open till July 16

    July 3, 2025

    JioBlackRock launches mutual fund access on MyJio, calls it a new era of investing

    July 3, 2025

    What Is TREPS In Mutual Funds? | Business News

    July 3, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.