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Today: November 6, 2024
May 11, 2024
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Dendra Systems secures $157M in Series B financing

TLDR:

  • Dendra Systems, a UK-based company specializing in technology-driven ecological restoration, raised $15.7 million in Series B funding.
  • The funding round was led by Zouk Capital, with participation from new investor Aramco Ventures and existing investor Airbus Ventures.

In a recent development, Dendra Systems, a company based in Oxford, UK, announced that it has raised $15.7 million in Series B funding. The round was led by Zouk Capital, with participation from new investor Aramco Ventures and existing investor Airbus Ventures. Additional contributions came from existing investor Understorey Capital and new investors including Helium-3 Ventures.

Dendra Systems, led by CEO Dr. Susan Graham, offers an end-to-end RestorationOS TM solution that uses data capture and drone-based seeding, as well as an AI-enabled ecosystem insights platform. The company’s innovative approach allows for targeted and rapid deployment of restoration efforts at scale, along with ongoing monitoring, management, and reporting for multi-year projects.

Some of Dendra Systems’ notable customers include companies such as Rio Tinto, Glencore, Liontown, BHP, and the Environment Agency – Abu Dhabi. The company currently employs 87 professionals across the UK, Australia, UAE, and the US.

The funds raised in this Series B round will be used by Dendra Systems to further expand into new geographical markets and continue developing its AI-enabled ecology platform. This investment is expected to support the company’s growth and enable it to enhance its capabilities in ecological restoration.

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