Meteomatics, a Saint Gallen-based weather intelligence and technology startup, today announces the close of its €21.1 million Series C funding round in order to scale further into the US and develop its “Meteodrones”.
The round was led by Armira Growth, a European technology investor that partners with companies that are driving technological change. Klima; the Alantra Energy Transition fund, and Fortyone also participated in the round.
“Weather-related business risks are no longer something companies need to simply consider; a company’s ability to accurately predict and prepare for weather threats can make or break their business. This is where Meteomatics comes in,” said Martin Fengler, CEO of Meteomatics. “We’ve spent over 10 years bringing technology to market that offers the highest precision weather forecasting that businesses can get and sets new global standards for weather data. We’ve attracted some of the world’s most innovative companies along the way, and we look forward to meeting this demand by exponentially scaling our company and technology.”
Founded in 2012 by Martin Fengler, Meteomatics is a weather intelligence and technology company that enables precision forecasts of the weather’s impact on businesses anywhere in the world at any time. More than 600 companies, including Tesla, CVS Health, Swiss Re, McCain, NASA, Honda, Airbus, Stellantis and UK Power Networks rely on Meteomatics for weather data that can significantly impact everything from energy savings, logistics, and process automation to risk management and product design.
The company’s approach to weather data collection, modeling, visualisation, and delivery reportedly rivals the “most sophisticated government and commercial services“. Its autonomous Meteodrone, paired with high-resolution weather models, enables granular visibility (down to a single square km) into weather phenomena. Meteomatics is headquartered in Switzerland, with local operations in the U.S., the UK, Germany, Norway and Spain.
As extreme weather becomes more frequent and its impact more severe to businesses, Meteomatics is seeing significant demand from companies across energy, insurance, agriculture, aviation, automotive and other industries. For these companies, extreme weather is only one concern. Everyday shifts in weather conditions, as well as long-term climate trends, can also significantly affect their offerings and/or operations.
Meteomatics will use the funding to scale its operations to meet this growing demand and extend its business further into the U.S. The funding will additionally fuel the innovation of Meteomatics’ weather models and solutions – including the company’s autonomous weather drones (“Meteodrones”) – and grow the company’s suite of verticalised industry weather solutions.
In 2024, there were 24 weather and climate disasters that exceeded a billion euros in damages. As extreme weather events grow more commonplace and intense, their impact on daily lives and business operations will continue to increase.
Long-term incremental shifts in climate are also dictating business strategies across several industries. According to the World Economic Forum, businesses that fail to adapt to weather and climate risks could lose up to 7% of earnings annually by 2035.
According to Meteomatics, government and commercial weather observation technologies currently lack precision and the ability for companies to effectively detect and forecast weather events created in the low-level airspace, such as fog, precipitation, wind, hail, storms, and fluctuating temperatures. This is because these weather models typically run at wide resolutions of 10-50 km and update only 3-4 times a day, unlike Meteomatics that runs an hourly weather model at a resolution of 1 km or under a mile.
The company first launched this high-resolution model in Europe, dubbed “EURO1k,” and will release its US1k model in Q1 of 2025, covering the contiguous U.S. and Gulf of Mexico at a resolution of 1km.
With access to weather data at this finely detailed level, companies can make more informed business decisions to better navigate the weather’s increasing impact on their operations. This enables businesses to reduce costs, properly plan and allocate resources, drive operational efficiencies, better protect assets and the workforce and increase digital resilience to weather events, among other things.
“Meteomatics is uniquely positioned to provide the accurate and sophisticated weather forecasts businesses need to minimize risk and optimize processes across critical industries,” said Florian Tappeiner, Managing Partner, Armira Growth. “We are highly impressed by Martin and the entire Meteomatics team and look forward to being a part of this next chapter to continue building world-class weather products.”
Read the orginal article: https://www.eu-startups.com/2025/01/weathertech-meteomatics-raises-e21-1-million-to-predict-weathers-impact-on-critical-enterprises/
