What they do & why the LACI Cleantech Debt Fund invested
Delphire, headquartered in Pasadena, California, was founded by Gilberto DeSalvo, Ph.D. in September 2020 to help prevent and contain wildfires through real-time detection using AI-powered cameras.
Their sentinel system monitors power lines and the areas near communities for early ignitions, to help stop them before they become wildfires. By installing devices below the canopy line, Delphire provides early alerts and enables real-time fire viewing to confirm it’s a real threat even from remote areas without power sources or cell service.
With a significant Small Business Innovation Research (SBIR) grant and this loan, Delphire plans to bring its products to market. The company serves utilities, government agencies, and municipal bodies managing forest land.
Delphire came to the LACI Cleantech Debt Fund from the LACI Incubation program. The LACI Cleantech Debt Fund, managed by Mission Driven Finance, invests in companies working on solving challenges related to climate change.