Meteomatics

Overview
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Climate Risk Analytics?
Product stageSegments
Growth
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Short-term weather analytics: Other
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Switzerland-based Meteomatics is a weather intelligence company. The company combines its innovative in-house technology, including Meteodrones and high-resolution weather models, to provide real-time weather data for any location covering nearly 400 customers.

Meteomatics' EURO1k platform is stated to be the first and only weather model in Europe with a 1 km resolution. The platform is said to provide more granular data for numerical weather prediction (NWP). The company is also the first developer of autonomous weather drones, “Meteodrones,” which collect data up to an altitude of 6 kilometers. In May 2023, Meteomatics launched its first US meteodrone at North Dakota’s GrandSKY aviation park. The company operates as the first weather drone in the US.

Key customers and partnerships

In July 2022, the company supported Toyota by providing weather data to understand energy consumption of Air Handling Units for buildings and processes. Following Meteomatics’ agreement with Toyota, the former signed up ETH Zurich, an engineering and management university, to conduct cloud seeding with meteodrones. In May 2023, the company collaborated with GrandSKY and TrueWeather Solutions to develop the US's first state-wide weather intelligence service in North Dakota. Later in March 2024, the company partnered with NVIDIA to deliver AI-based weather forecasts in minutes instead of hours.

Other notable customers include Navily, BKW, Ogre.AI, Stadtwerke Munich, Airbus, Heimdall Power, ABS, Sunflower Labs, Hive Power, ITEC, and OSIsoft.

Funding and financials

In February 2024 , Meteomatics secured an undisclosed strategic investment led by Lockheed Martin Ventures. Previously in June 2022, the company raised CHF 13.5 million (USD 14.1 million) in a Series B funding round led by Klima, Alantra’s Energy Transition Fund, in partnership with Enagás, a Spanish gas grid operator. The company was to utilize the proceeds to develop its unique-in-house technology while expanding into new markets and geographic segments.


HQ location:
Lerchenfeldstrasse 3 Saint Gallen CHE
Founded year:
2012
Employees:
101-250
IPO status:
Private
Total funding:
USD 14.0 mn
Last Funding:
-
Last valuation:
-
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