MILAN — OroraTech has raised 25 million euros ($27.3 million) to build the next phase of a satellite constellation for monitoring wildfires and to expand its business. The Munich-based startup announced Oct. 15 that it raised the Series B funding round, led by Korys, the European Circular Bioeconomy Fund (ECBF), and existing investor Bayern Kapital. OroraTech is developing a constellation of small satellites equipped with thermal cameras designed to rapidly detect wildfires and alert first responders and others. The company currently operates two satellites in low Earth orbit but has…
