Burnbot Reels in $20 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; BurnBot has raised <span class&equals;"xn-money">&dollar;20 million<&sol;span> in financing to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires&period; The round was led by <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;698897302&amp&semi;u&equals;http&percnt;3A&percnt;2F&percnt;2Fwww&period;regen&period;vc&percnt;2F&amp&semi;a&equals;ReGen&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">ReGen Ventures<&sol;a>&comma; with participation from <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;973340499&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Ftoyota&period;ventures&percnt;2F&amp&semi;a&equals;Toyota&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Toyota Ventures<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;844929888&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;amfamventures&period;com&percnt;2F&amp&semi;a&equals;AmFam&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">AmFam Ventures<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;2331291435&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;convectivecapital&period;com&percnt;2F&amp&semi;a&equals;Convective&plus;Capital" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Convective Capital<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;770830155&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;blueforest&period;org&percnt;2Fasset-management&amp&semi;a&equals;Blue&plus;Forest&plus;Asset&plus;Management" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Blue Forest Asset Management<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;3258950741&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;skipcapital&period;com&percnt;2F&amp&semi;a&equals;Skip&plus;Capital" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Skip Capital<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;3324895229&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;overture&period;eco&percnt;2F&amp&semi;a&equals;Overture&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Overture Ventures<&sol;a>&comma; <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;4079958010&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Flowercarboncapital&period;com&percnt;2F&amp&semi;a&equals;Lowercarbon&plus;Capital" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Lowercarbon Capital<&sol;a> and <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;3569575504&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;pathbreakervc&period;com&percnt;2F&amp&semi;a&equals;Pathbreaker&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Pathbreaker Ventures<&sol;a>&period;<&sol;p>&NewLine;<p>As the <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4131962-1&amp&semi;h&equals;3561777404&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;iii&period;org&percnt;2Ffact-statistic&percnt;2Ffacts-statistics-wildfires&percnt;23&percnt;3A&percnt;7E&percnt;3Atext&percnt;3DCalifornia&percnt;252520Wildfires&percnt;252520&lpar;1&rpar;-&percnt;2CKey&percnt;252520Facts&percnt;2Cconsumed&percnt;252520by&percnt;252520fire&percnt;252520that&percnt;252520year&period;&amp&semi;a&equals;frequency&plus;and&plus;severity&plus;of&plus;wildfires&plus;increase&percnt;2C" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">frequency and severity of wildfires increase&comma;<&sol;a> preventing mass devastation requires scalable&comma; fuels treatment for brush clearance&comma; prescribed burns&comma; and forest restoration&period; Composed of a team of wildland firefighters&comma; scientists&comma; engineers&comma; prescribed fire practitioners&comma; and forestry professionals&comma; BurnBot is addressing these challenges with its system of technologies that amplify workforce capacity to conduct safe&comma; efficient&comma; and ecological fuels treatment from mastication to prescribed fire&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We know that to prevent destructive wildfires&comma; we need to reduce ignitions around critical infrastructure&comma; we need to fortify homes and communities with fuel breaks&comma; and we need to restore our forests&comma; grasslands&comma; and watersheds with beneficial fire&period; BurnBot exists to amplify efforts across all these areas&comma;&&num;8221&semi; said <span class&equals;"xn-person">Anukool Lakhina<&sol;span>&comma; Co-Founder and CEO of BurnBot&period; &&num;8220&semi;We are delighted to have the commitment from this investor group&comma; which will allow us to scale our manufacturing and field operations&comma; advancing towards a future that is resilient against destructive wildfires&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Systematic use of beneficial fire plays a pivotal role in fostering a healthy ecosystem and mitigating the risk of devastating wildfires&period; The prescribed burn process today however is labor intensive&comma; weather and season-dependent&comma; and although rare&comma; can lead to escaped fires&period; This limits its application to specific times of the year and on lands far away from infrastructure and neighborhoods&period;<&sol;p>&NewLine;<p>To amplify prescribed fire capacity&comma; BurnBot developed the RX&comma; a mechanized prescribed fire system that precisely deploys fire within an enclosed chamber&comma; cooling the land as it moves&period; &&num;8220&semi;Our technology is a force multiplier&comma; enabling small crews to treat areas 10X faster and more efficiently&period; We know that fire is an effective and ecological way to manage fuel buildup and we designed the RX to operate with minimal smoke and escape risk&comma; so it&&num;8217&semi;s safe for use year-round&comma; even near communities and critical infrastructure&period; This investment will allow us to expand our technology development and operations&comma; and we&&num;8217&semi;re excited to make a positive impact&comma;&&num;8221&semi; said Waleed &&num;8220&semi;Lee&&num;8221&semi; Haddad&comma; Co-Founder and CTO of BurnBot&period;<&sol;p>&NewLine;<p>&&num;8220&semi;With the RX&comma; we were able to quickly establish unit segments and boundaries&comma; simplifying the most labor-intensive part of our operations and freeing up personnel to complete a safe&comma; broadcast burn on time&period; We literally could not have done this treatment without BurnBot&comma;&&num;8221&semi; said <span class&equals;"xn-person">Jared Childress<&sol;span>&comma; burn boss and program manager for the Central Coast Prescribed Burn Association who leveraged BurnBot to complete a prescribed burn with <span class&equals;"xn-person">CAL FIRE<&sol;span> in August which is traditionally one of the most difficult months to implement prescribed fire due to hot and dry conditions&period;<&sol;p>&NewLine;<p>&&num;8220&semi;BurnBot has invented&comma; designed&comma; and launched the world&&num;8217&semi;s first robot for scaling &&num;8216&semi;good fire&comma;&&num;8221&semi; said <span class&equals;"xn-person">Dan Fitzgerald<&sol;span>&comma; Managing Director of ReGen Ventures&period; &&num;8220&semi;At ReGen Ventures&comma; our thesis is to invest in category creators that leverage a convergence of technologies to create planetary-scale solutions to planetary-scale problems&period; BurnBot&&num;8217&semi;s fully integrated prescribed fire solution&comma; utilizing remote precision technology to regenerate land&comma; prevent catastrophic wildfires&comma; and protect lives&comma; property&comma; and the planet does just that&period; We are delighted to partner with Anukool and Lee to scale BurnBot across the U&period;S&period; and globally&period;&&num;8221&semi;<&sol;p>&NewLine;<p>To date&comma; BurnBot&&num;8217&semi;s system of mechanized vegetation management technology has been deployed across <span class&equals;"xn-location">California<&sol;span> and <span class&equals;"xn-location">Oregon<&sol;span>&comma; from helping PG&amp&semi;E precisely deploy prescribed fire under high-voltage transmission lines&comma; to clearing out 60 acres of hazardous brush around evacuation routes for the Hoopa Valley Tribe&comma; to the <span class&equals;"xn-location">City of San Rafael<&sol;span> where a three-person BurnBot team completed a 40-acre fuel break in five days&comma; to a 2&comma;200-acre fuel break that BurnBot expects to complete in half the time&comma; one full year ahead of schedule&period; BurnBot&&num;8217&semi;s technology amplifies boots-on-the-ground capacity and deploys the right treatment based on the unique needs of each area&comma; across diverse urban environments and forested landscapes&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This investment in BurnBot is a catalyst that will deploy new technologies to boost workforce capacity and significantly advance <span class&equals;"xn-location">California&&num;8217&semi;s<&sol;span> aim to treat 1 million acres annually and the US Forest Service&&num;8217&semi;s goal of treating 50 million acres over the coming decade&comma; meaningfully reducing wildfire risk while protecting lives&comma; communities and critical watersheds&comma;&&num;8221&semi; said <span class&equals;"xn-person">Chris Anthony<&sol;span>&comma; former Chief Deputy Director of CAL FIRE&period;<&sol;p>&NewLine;

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