When the weather gets hot and dry, things get a little tense these days. Whereas it was possible for humans to be on the lookout for fires (there are even Organizations that facilitate volunteering to do so), one big challenge is that technology is often powerless; By the time the technology detects a fire, it is already on its way out of control. Pano combines some smart cameras and AI technology to give firefighting crews a fighting chance to keep things as low as possible.
Pano AI delivers a fully managed solution that combines advanced hardware, artificial intelligence, and easy-to-use cloud software to provide fire agencies with actionable intelligence and situational awareness. This helps first responders get to the scene of an accident faster and safer – with the right equipment, the latest information and improved coordination – so they can stop new flares in their tracks.
The climate crisis is happening now, and humanity must begin to adapt today. At Pano AI, we are pioneering climate change adaptation so that we can help society deal with the increasing frequency and severity of natural disasters. “We are the first company to offer a fully managed solution that provides active wildfire detection using AI,” Sonia Kastner, CEO and founder of Pano AI, said in an interview with TechCrunch. “This investment will accelerate the geographic reach of the Pano AI solution, enabling us to: Protecting more communities from climate emergencies. We are grateful for the support of our investors at this critical time, as we face increasingly dangerous fire seasons around the world.”
Kastner moved to California in 2007, where she worked in the solar energy industry and later helped build a number of businesses, including spending time at Nest, and developing the AI-powered Nest Camera.
“The Series A lead is Startup Capital, known for its support of transformational companies that are often leaders in their industries. Kim May Cutler, Partner at Initialized Capital, will also join our Board of Directors. It was an exceptional start to work with because she Shares our values and deeply understands the mission of Pano AI.” Her company raised $20 million with an ex-post valuation of $90 million. Prior to the current round, it raised $8 million in convertible bonds. “This investment shows that major investors understand the climate crisis and believe that AI Technology-based solutions will play an important role in helping society adapt.”
The company told me that its mission is to accelerate global resilience to the frequency and severity of climate-related disasters.
“Over the next decade, I envision our disaster mitigation solutions helping address the climate crisis by pushing back the trend of catastrophic wildfires and providing intelligence to respond aggressively to other types of disasters,” Kastner said. “We are proud of the progress that has been made over the past two years; we are now monitoring 4.5 million acres and have more than 1,000 discoveries this year. However, many important policy makers and decision makers still do not understand that the technology to help mitigate wildfires exists today – They are ready for deployment without further research and development.”
In the past two years since its founding, Pano AI has been deployed with utility companies, governments, fire authorities, forestry companies, and other private land owners. Pano AI operates in five US states (California, Colorado, Oregon, Idaho, and Montana) and two states in Australia (New South Wales and Queensland).