Pano AI, a company that uses cameras to detect forest fires, raised a $17M Series A extension led by Valor Equity Partners.

 

Pano AI, a company that uses cameras to detect forest fires, raised a $17M Series A extension led by Valor Equity Partners.  T-Mobile participated in the round, as the AI company uses its 5G network and some of its masts to mount the hardware.  Pano's clients include utilities such as PacifiCorp, Xcel Energy, Portland General Electric, the Forestry Corporation of New South Wales in Australia, and the Aspen and Big Sky fire departments, among others. The company charges approximately one million dollars for 20 custom stations per year. Pano currently monitors 6 million acres and employs 45 people. "We'll be able to raise a nice big Series B and continue on with our Series B plans. The wildfires aren't slowing down, so this additional capital now means that we don't have to slow anything down either," said the startup's CEO, Sonia Kastner.