Pano AI Raises $17M in New Funding

SAN FRANCISCO, California, July 10, 2023 (GLOBE NEWSWIRE) —

Pano AI, the first company to offer a fully-managed solution for active wildfire detection using artificial intelligence, has raised $17M in new growth capital led by Valor Equity Partners. Joining the funding round as new investors are Salesforce Ventures, T-Mobile Ventures (an affiliate of Pano’s connectivity partner, T-Mobile), and existing investors including True Ventures and Lightspeed Venture Partners.

The Future of Wildfire Detection

Pano AI’s innovative technology utilizes AI algorithms to analyze satellite data and detect wildfires in real-time. This allows for quicker response times and more efficient deployment of resources to combat wildfires, ultimately helping to save lives and protect communities.

Impact on Individuals

For individuals living in wildfire-prone areas, Pano AI’s technology could mean early detection of wildfires near their homes, giving them more time to evacuate safely. This could bring peace of mind to residents and potentially save lives in the event of a wildfire.

Global Implications

On a global scale, Pano AI’s advancements in wildfire detection could lead to more effective wildfire management strategies worldwide. By leveraging AI technology, countries facing wildfires can benefit from quicker response times and improved data analysis, ultimately leading to better outcomes in wildfire prevention and containment efforts.

Conclusion

With the support of new funding and strategic partnerships, Pano AI is poised to revolutionize the way wildfires are detected and managed. The impact of their technology extends beyond individual communities to have global implications for wildfire prevention and response. By harnessing the power of artificial intelligence, Pano AI is paving the way for a safer and more resilient future in the face of wildfires.