Dryad Networks Holds Initial Closing of €5.6M in Convertible Financing

Dryad Networks

Dryad Networks, a Berlin, Germany-based ultra-early wildfire detection technology company, announced the initial closing of €5.6M in convertible financing, with a total round size of up to €10M.

The round saw participation from both existing and new investors.

The company intends to use the funds to accelerate the development and deployment of its wildfire detection technology.

Led by CEO Carsten Brinkschulte, Dryad Networks provides a proprietary solution that combines solar-powered infrastructure with AI-enabled gas sensors strategically placed in forested areas. This system is designed to detect wildfires at their earliest stages, enabling rapid response and mitigation efforts. Its core product, 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.

Commenting on the news, Carsten Brinkschulte said: “We are thrilled to announce the initial closing of €5.6M 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.