This week, Oxford-based environmental technology company Dendra Systems announced the successful closure of its Series B funding round, through which it raised $15.76 million (£12.5 million) to further its ecology platform and advance global ecosystem restoration efforts.
The company shared that the capital will be directed towards its expansion into new geographical markets and the enhancement of its AI-enabled ecology platform.
Climate tech investor, Zouk Capital, led the round, with significant participation from new investor Aramco Ventures and existing investor Airbus Ventures.
Additional contributions came from Understorey Capital and several new investors, including Helium-3 Ventures.
Dendra Systems was founded back in 2014, and provides an end-to-end RestorationOSTM solution to restore nature, powered by high-resolution data capture and drone-based seeding, and a comprehensive AI-enabled ecosystem insights platform.
According to the company, the approach enables targeted, rapid deployment of restoration efforts at scale, in addition to ongoing monitoring, management and reporting for the duration of multi-year projects.
Dendra is applying its RestorationOSTM technology to enable the likes of Rio Tinto, Glencore, Liontown, BHP, and the Environment Agency – Abu Dhabi (EAD), to achieve their environmental objectives, it shared, and currently manages over 70,000 hectares.
Further, the company noted that these efforts aim to address the “urgent need” for large-scale and efficient restoration solutions in the face of escalating environmental challenges within the mining sector and other industries that are critical to the energy transition.
Dr Susan Graham, CEO Dendra Systems: “We are immensely proud of securing the support of these experienced and supportive investors as we embark on this next phase of growth. This funding will enable us to bring our AI-driven restoration solutions to more ecosystems around the world, helping to reverse biodiversity loss and mitigate the effects of climate change.”
Adding: “Our RestorationOSTM technology and approach represent a game-changing opportunity for environmental monitoring and restoration, and we are excited to be able to double down on our efforts to empower environmental teams to reverse these global trends.”
John Higelin, Partner Zouk Capital, commented: “The drive to revitalise our planet’s ecosystems is among the most pressing challenges of our era. As the global community strives towards environmental sustainability, Dendra Systems is tackling the critical task of ecosystem monitoring and restoration head-on and at scale. Zouk Capital is delighted to lead this Series B round, supporting Dendra’s mission to expand their impact globally.”