Swiss based Meteomatics, one of the leading providers of real-time, granular and accurate weather forecast data, successfully raised 13.5M CHF in a financing round led by Klima, Alantra’s Energy Transition Fund in partnership with Spanish gas grid operator Enagás. The round was completed by a leading US-based renewables and utility company.
As a global leader in weather intelligence, Meteomatics provides the most accurate weather data for any location at any time to more than 400 companies worldwide, based on a proprietary in-house technology that provides real-time weather data via API interface. The company’s offering is particularly relevant for the energy industry due to its need for high-quality data to better integrate and use renewable energies in the electricity market. As digitalization and climate change force sectors to undergo structural change, weather data is also becoming increasingly important in industries such as aviation, aerospace, logistics, agriculture and insurance.
Furthermore, Meteomatics is the first company in the world to produce autonomous weather drones (“Meteodrones”), which collect data from the atmosphere up to an altitude of 6 km to incorporate it directly into the calculation of weather models. Hence, fulfilling an important data gap in the lower and middle atmosphere, which greatly improves the forecast quality, especially on a local context.
Martin Fengler, founder and CEO of Meteomatics, stated: “Our customers experience direct value from high-quality weather information in the form of increased efficiency and reduced risk, enabling them to make better decisions every day. Accurate and accesible weather data makes a big difference to our customers by optimizing and integrating the use of renewables, optimizing routes and saving fuel cost or increasing safety on ships and aircrafts. Ultimately, weather data can add significant value across industries”.
Manuel Alamillo, Investment Director of Klima Energy Transition Fund, emphasized: “The amount raised will enable Meteomatics to further develop the technology to provide even higher value and services to customers, and reach out to new segments and geographies where we they not currently present. Based on market trends and the development of Meteomatic’s services and products, we look towards the future with great confidence to further strengthen Meteomatic’s position as a global leader in weather intelligence”.