EXTON, PA — Weather technology innovator, Meteomatics, has announced the successful closure of a strategic funding round from Lockheed Martin Ventures, the venture capital subsidiary of global security and aerospace giant, Lockheed Martin Corporation. The investment will be used to scale Meteomatics’ high-resolution weather and climate technology and facilitate the company’s expansion into new markets and industries.
Meteomatics distinguishes itself in the weather industry by running a weather model with an impressive resolution of 1 km, updating every hour with the latest weather data and observations. This level of detail enables the company to identify even the smallest meteorological phenomena such as thunder, hail, wind, and other storms. In comparison, current government and commercial weather observation technology operates at resolutions of 10-50 km and updates only three to four times a day, lacking the data to effectively detect and forecast weather events in the low-level airspace.
To achieve this degree of precision, Meteomatics collects weather data using its proprietary Meteodrones, weather drones capable of flying up to 6 km (or approximately 20,000 feet). The company combines its high-resolution weather models with data collected by its Meteodrones and over 110 other sources to deliver unparalleled accuracy for hyperlocal weather impacts.
Lockheed Martin Ventures invests in companies that are developing cutting-edge technologies in core businesses and new markets that align with Lockheed Martin’s interests. The investment in Meteomatics will help the company expand its work in various industries including energy, aviation, insurance, defense, governments, and pave the way for entry into new markets.
“Meteomatics’ weather intelligence has the potential to give the U.S. and its allies a better understanding of the dynamic environments in which assets and personnel operate, both improving operational effectiveness and reducing risk,” said Chris Moran, Vice President and General Manager of Lockheed Martin Ventures.
Many industry-leading companies rely on Meteomatics’ precision weather intelligence and analytics to make informed business decisions on weather’s impact and better prepare for potential weather-related disruptions.
“This year, we’re expecting a higher number of extreme weather events and that number will only climb over the next few years. It’s critical that businesses have access to the most accurate weather forecasts so they can properly plan and make informed decisions about weather impacts,” said Dr. Martin Fengler, Founder and CEO of Meteomatics.
Meteomatics is headquartered in St. Gallen, Switzerland, with local operations in Germany, Spain, the UK, and the U.S. The company launched operations in the U.S. in 2023 with the country’s first Meteodrone operated by GrandSky, the nation’s first commercial UAS (uncrewed aircraft system) aviation park. This strategic funding is expected to accelerate the company’s mission to revolutionize weather forecasting on a global scale.
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