TELUS Pollinator Fund invests in Dryad Networks

TELUS Pollinator Fund for Good is making an equity investment into Series A financing of Dryad, a German startup that provides ultra-early wildfire detection through large-scale IoT networks and sensors that can detect fires as early as their smoldering phase. This greatly reduces the risk of fires spreading out of control, and can help prevent the escalating costs and environmental impacts of wildfires, including biodiversity loss and health issues related to poor air quality. With the amount of forest burned by wildfire that is projected to double by 2050, the Pollinator Fund’s investment will contribute to address this growing environmental emergency by accelerating the deployment of Dryad’s technology to protect forests and to reduce carbon dioxide emissions resulting from wildfires.