Meteomatics, a Saint Gallen-based climate intelligence and know-how startup, at this time declares the shut of its €21.1 million Sequence C funding spherical with a view to scale additional into the US and develop its “Meteodrones”.
The spherical was led by Armira Development, a European know-how investor that companions with corporations which are driving technological change. Klima; the Alantra Vitality Transition fund, and Fortyone additionally participated within the spherical.
“Climate-related enterprise dangers are not one thing corporations want to easily contemplate; an organization’s skill to precisely predict and put together for climate threats could make or break their enterprise. That is the place Meteomatics is available in,” stated Martin Fengler, CEO of Meteomatics. “We’ve spent over 10 years bringing know-how to market that provides the best precision climate forecasting that companies can get and units new international requirements for climate knowledge. We’ve attracted among the world’s most revolutionary corporations alongside the way in which, and we sit up for assembly this demand by exponentially scaling our firm and know-how.”
Based in 2012 by Martin Fengler, Meteomatics is a climate intelligence and know-how firm that permits precision forecasts of the climate’s affect on companies wherever on the planet at any time. Greater than 600 corporations, together with Tesla, CVS Well being, Swiss Re, McCain, NASA, Honda, Airbus, Stellantis and UK Energy Networks depend on Meteomatics for climate knowledge that may considerably affect the whole lot from vitality financial savings, logistics, and course of automation to danger administration and product design.
The corporate’s strategy to climate knowledge assortment, modeling, visualisation, and supply reportedly rivals the “most subtle authorities and business companies“. Its autonomous Meteodrone, paired with high-resolution climate fashions, allows granular visibility (right down to a single sq. km) into climate phenomena. Meteomatics is headquartered in Switzerland, with native operations within the U.S., the UK, Germany, Norway and Spain.
As excessive climate turns into extra frequent and its affect extra extreme to companies, Meteomatics is seeing important demand from corporations throughout vitality, insurance coverage, agriculture, aviation, automotive and different industries. For these corporations, excessive climate is just one concern. On a regular basis shifts in climate situations, in addition to long-term local weather developments, may considerably have an effect on their choices and/or operations.
Meteomatics will use the funding to scale its operations to satisfy this rising demand and prolong its enterprise additional into the U.S. The funding will moreover gas the innovation of Meteomatics’ climate fashions and options – together with the corporate’s autonomous climate drones (“Meteodrones”) – and develop the corporate’s suite of verticalised business climate options.
In 2024, there have been 24 climate and local weather disasters that exceeded a billion euros in damages. As excessive climate occasions develop extra commonplace and intense, their affect on every day lives and enterprise operations will proceed to extend.
Lengthy-term incremental shifts in local weather are additionally dictating enterprise methods throughout a number of industries. In accordance with the World Financial Discussion board, companies that fail to adapt to climate and local weather dangers might lose as much as 7% of earnings yearly by 2035.
In accordance with Meteomatics, authorities and business climate commentary applied sciences at present lack precision and the power for corporations to successfully detect and forecast climate occasions created within the low-level airspace, akin to fog, precipitation, wind, hail, storms, and fluctuating temperatures. It is because these climate fashions usually run at broad resolutions of 10-50 km and replace solely 3-4 instances a day, not like Meteomatics that runs an hourly climate mannequin at a decision of 1 km or below a mile.
The corporate first launched this high-resolution mannequin in Europe, dubbed “EURO1k,” and can launch its US1k mannequin in Q1 of 2025, masking the contiguous U.S. and Gulf of Mexico at a decision of 1km.
With entry to climate knowledge at this finely detailed stage, corporations could make extra knowledgeable enterprise choices to raised navigate the climate’s growing affect on their operations. This allows companies to cut back prices, correctly plan and allocate assets, drive operational efficiencies, higher defend belongings and the workforce and enhance digital resilience to climate occasions, amongst different issues.
“Meteomatics is uniquely positioned to supply the correct and complicated climate forecasts companies want to reduce danger and optimize processes throughout essential industries,” stated Florian Tappeiner, Managing Associate, Armira Development. “We’re extremely impressed by Martin and the complete Meteomatics crew and sit up for being part of this subsequent chapter to proceed constructing world-class climate merchandise.”
