Dryad Networks, a Berlin, Germany-based startup that provides wildfire detection through large scale IoT networks and sensors, received an investment from Telus Pollinator.
The amount of the deal was not disclosed.
The company intends to use the funds to further scale in the US and into Canada.
Led by CEO Carsten Brinkschulte, Dryad is an environmental IoT startup whose mission is to develop a large-scale IoT network that allows public and private forest owners to monitor, analyze and protect remote forests. The initial focus is to develop a system for the ultra-early detection of wildfires – Silvanet.The technology uses gas sensors that are trained to detect smoke and it sends alerts once gas is detected, giving first responders critical time to get to the fire before it spirals out of control. Dryad’s solution is capable of operating in remote regions and uses IoT technology to extend the mobile network coverage areas. The solution is already deployed with private and public clients in Europe, South America and the US and the Pollinator Fund’s investment will help the startup Dryad’s goal by 2030 is to deploy 120 million sensors around the world and to protect nearly 4 million hectares of forest.
FinSMEs
28/07/2023