Pano AI, an AI-driven wildfire detection company, has raised $44m in a Series B funding round.
The round was led by Giant Ventures, with new participation from Liberty Mutual Strategic Ventures and Tokio Marine Future Fund, according to InsurTech Insights.
Existing investors Congruent Ventures, Initialized Capital, and Salesforce Ventures also contributed. This brings Pano AI’s total funding to $89m.
Founded in 2020, the company provides continuous wildfire monitoring powered by artificial intelligence. Its system detects smoke early, enabling faster emergency response. Pano AI currently monitors nearly 30 million acres and serves agencies in the US, Australia, and Canada.
The new capital will help accelerate deployment of Pano AI’s infrastructure and further support emergency responders with advanced tools.
Pano AI CEO Sonia Kastner said, “We founded Pano AI based on one core belief: that the time to adapt to extreme weather events is now. Wildfires are becoming more frequent and more destructive every year, and we have built powerful tools to put in the hands of emergency managers on the front lines to help combat this crisis. This additional capital allows us to accelerate our mission to equip first responders with the best technology to protect communities, safeguard our critical infrastructure, and build a more resilient future.”
Giant Ventures co-founder and managing partner Cameron McLain said, “At Giant, we look for category-defining companies solving critical global challenges through the application of frontier technology. Pano AI is creating a new layer of resilience that will massively reduce the impact of increasingly frequent fire events.”
Tokio Marine group chief digital officer Masashi Namatame said, “Pano is creating the early detection infrastructure needed in wildfire-exposed regions of North America and Australia, but this is now a global challenge and we are proud to join Pano on its mission. We are committed to combating wildfire and other risks rising with climate change, and we are focused on investing in technologies and partnerships that help entire communities prepare, respond, and recover more effectively.”
Douglas County Sheriff’s Office emergency management director Mike Alexander said, “In today’s wildfire environment, every minute counts. Pano AI gave us early confirmation and precise coordinates that allowed us to launch a rapid aerial and ground attack in a remote watershed that provides drinking water to over one million people. That critical lead time helped us contain the Bear Creek Fire before it became a more destructive event. Overall, Pano has become an essential part of how we conduct modern wildland fire fighting in Douglas County.”
Portland General Electric CEO Maria Pope added, “At Portland General Electric, we’re focused on strengthening grid resilience while working in close partnership with the communities we serve. Pano AI’s early detection technology gives us the real-time visibility we need to reduce our risk from wildfire threats. It’s a critical element of our broader strategy to protect people, infrastructure, and essential service during increasingly complex fire seasons.”
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