Weather Source's OnPoint platform uses weather sensors to gather weather data across multiple sources to fill data gaps, as well as to provide hyper-local weather predictions that are location-specific. The company provides forecasts of up to 15 to 42 days. The company claims that its data sets can be used with AI and machine learning applications. In December 2019, Pelmorex Corporation, a Canadian weather company, acquired a majority stake in Weather Source. This allows Pelmorex to expand its weather insights platform by integrating Weather Source’s proprietary OnPoint Weather data platform.
The company’s OnPoint platform offering includes OnPoint Weather, OnPoint Climatology, OnPoint Geospatial, and OnPoint ML - Ready Weather. 1) OnPoint Weather provides weather data for any location at any given time. 2) OnPoint Climatology works as a long-range forecasting tool and allows businesses and customers to discover demand patterns during adverse weather. 3) OnPoint Geospatial provides visualization of weather and climate trends. 4) OnPoint ML - Ready Weather offers a suite of data sets for direct use in AI and machine learning. Other weather-based solutions offered by the company include the Weather Impact Ranking System (WIRS), the Weather Insights Platform (WIP), and Condition-Based Ad Triggering (C-BAT.)
Key customers and partnerships
Weather Source’s strategic partners include 1010data, BattleFin, CARTO, Crux, Datarade, Eagle Alpha, Google Cloud Platform, Knoema, Looker, Qlik, S&P Global Market Intelligence, and Snowflake.
Funding and financials
Following the acquisition of a majority stake by Pelmorex, the acquirer also made a significant capital investment into Weather Source to fund growth initiatives.
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