EXTON, PA — Meteomatics, an Exton-based weather data company, has raised $22 million in a Series C funding round led by Armira Growth. Other notable participants in the round include Klima, the Alantra Energy Transition Fund, a major U.S. renewables and utility company, and Fortyone. The funding will enable Meteomatics to expand its U.S. presence and accelerate the development of its advanced weather forecasting solutions.
Meteomatics leverages cutting-edge technology, including its proprietary autonomous “Meteodrones,” to provide highly detailed weather data for over 600 global clients such as Tesla, CVS Health, NASA, and Airbus. Businesses across industries face rising costs from extreme weather events and long-term climate shifts, intensifying the demand for precise, real-time weather insights.
“Weather-related business risks are no longer something companies need to simply consider; a company’s ability to accurately predict and prepare for weather threats can make or break their business. This is where Meteomatics comes in,” said Martin Fengler, CEO of Meteomatics. “We’ve spent over 10 years bringing technology to market that offers the highest precision weather forecasting that businesses can get and sets new global standards for weather data.”
Meteomatics addresses limitations in traditional forecasting systems, which often lack the granular detail that businesses require to assess risks and plan operations effectively. While prevailing models typically forecast at resolutions of 10-50 km and update just a few times daily, Meteomatics delivers forecasts at a fine resolution of 1 km updated hourly. This high precision allows businesses to better prepare for weather phenomena like hail, storms, and temperature shifts, reducing costs, optimizing resources, and minimizing risks.
Expanding on its breakthrough EURO1k high-resolution model launched in Europe, Meteomatics will unveil its US1k model in the first quarter of 2025. Covering the contiguous U.S. and Gulf of Mexico, the US1k model aims to equip American businesses with unparalleled hyper-local weather data to optimize operations and bolster resilience against weather-driven disruptions.
“Meteomatics is uniquely positioned to provide the accurate and sophisticated weather forecasts businesses need to minimize risk and optimize processes across critical industries,” said Florian Tappeiner, Managing Partner at Armira Growth. “We are highly impressed by Martin and the entire Meteomatics team and look forward to being a part of this next chapter to continue building world-class weather products.”
With data sourced from over 110 inputs, including satellites, ground stations, and its Meteodrones, Meteomatics sets itself apart in the weather forecasting landscape. The company is primed to scale its operations, offering innovative solutions that empower businesses to thrive despite an increasingly volatile climate.
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