Dendra, a tech startup led by Oxford-trained scientist, raised $10M in a series A funding round to use drones, Artificial Intelligence (AI), and ecological expertise to work towards restoring degraded ecosystems.
Dendra secures $10M to use drones to restore biodiversity
With the use of artificial intelligence, drone technology, and deep ecological expertise Dendra plans to help rehabilitate land and restore ecosystems at a large scale for fortune 500 companies.
The funding round was led by At One Ventures, Airbus Ventures, Future Positive Capital and Chris Sacca's Lowercarbon Capital. Tom Chi, founding partner of At One Ventures is set to join Dendra's board of directors, along with Airbus Ventures partner Nicole Conner.
According to Dendra, there is a connection between the destruction of ecosystems and the changing of our climate. As this link becomes more apparent companies and investors are looking for new ways to facilitate private sector leadership on these issues.
To these parties, the drone startup offers an end-to-end platform that uses the entire ecosystem that is required to sustain growth and measurably capture carbon to improve the environment. Dendra believes that this is a better approach than simply planting trees, a practice that many companies are currently using to offset their carbon footprint.
“By now, we have all recognized the urgency of climate change and the impact of global land degradation – from frequent flooding, costly wildfires, deforestation and the loss of biodiversity devastating ecosystems across the world,” said Susan Graham, chief executive officer of Dendra. “We need hands across all industries to fight back if we are going to make a dent on climate change and it starts with restoring our degraded ecosystems and lands.”
With the use of ultra high-resolution data and ecologically trained artificial intelligence Dendra can create exact restoration plants for every site's unique ecological circumstances.
Dendra can plant 120 seeds per minute, per drone, which the company claims, is significantly faster than traditional manual planting methods.
Dendra was founded in 2014 by Susan Graham, Irina Fedorenko, Lauren Fletcher, Martin Tengler, and Matthew Ritchie.
Thank you to the investors who believe in our mission to restore biodiverse ecosystems across the earth in our lifetimes: @thegoodtomchi, @airbusventures, @wearefpc, @lowercarbon, @lionheartvc, @SYSTEMIQ_Ltd, @VentureSouq, @Parrot, and more.https://t.co/sduuYynJ6E
— Dendra Systems (@DendraSystems) September 16, 2020
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