Helsinki-based Skyfora has raised €6.5 million in a round led by strategic and impact-focused investors including Eviny Ventures, Ugly Duckling Ventures, LUMO Labs and the EIC – European Innovation Council Fund, with non-dilutive support from Business Finland. The company is building a global atmospheric data layer by transforming existing telecom infrastructure—cell towers and base stations—into real-time weather sensors using GNSS signal analysis. The fresh capital will be used to scale Skyfora’s software platform and API-driven weather intelligence products, accelerate commercial deployments with telecom operators and forecasting partners across Europe, the US, Africa and the Middle East, and expand the team as it moves from early deployments into broader market adoption.
Skyfora’s technology transforms existing telecom infrastructure, cell towers and base stations, into a real-time atmospheric sensor network, delivering high-resolution weather data at the scale and frequency required by next-generation AI weather models and short-term forecasting. The company is actively working to deploy datasets and customer opportunities across several countries in Europe, USA, Africa and Middle East.
For telecom operators, Skyfora transforms existing infrastructure into a new source of value through a software-only solution that requires no additional hardware investment, unlocking untapped value from existing assets while enabling new revenue streams, improving resilience to extreme weather, and strengthening ESG and brand leadership as operators of critical national weather observation networks.
Fredrik Borgström, CEO at Skyfora: “We’re turning existing mobile networks into the data layer for next-generation weather forecasting and climate intelligence,” said Fredrik Borgström, CEO of Skyfora. “With this funding, we’re scaling a global, telecom-powered sensing network to meet accelerating demand from AI-driven forecasting platforms and weather-affected industries unlocking the high-density data needed to operate in an increasingly volatile climate.”
Skyfora’s core technology uses GNSS receivers already installed in telecom networks, complemented by StreamGNSS hardware where telecom GNSS is not available, to measure atmospheric humidity with high precision and frequency. The GNSS signal delays are processed into real-time weather data streams that power next-generation AI weather models and forecasting systems, enabling more accurate, earlier, and hyperlocal predictions.
The company’s approach addresses a structural bottleneck in weather forecasting: most of the world’s atmosphere remains underobserved, and existing observation infrastructure cannot provide the data coverage and resolution required by modern AI models.
Skyfora’s solution scales using existing infrastructure, requiring no new hardware at telecom sites. Skyfora operates active deployments across multiple countries, working with telecom operators, meteorological institutions, forecasting partners and weather-affected industries to build out real-time atmospheric sensing on a global scale.
Eviny Ventures, the corporate venture arm of Eviny, one of Norway’s largest producers and distributors of renewable energy, joins the round as a strategic investor. The investment underscores the growing importance of high‑resolution atmospheric data for modern energy system operations.
Lars Jacob Sjaastad, Investment Manager at Eviny Ventures, said: “Fredrik and the team at Skyfora turn weather data into something the energy system can actually act on. Skyfora addresses a real operational problem for the Eviny group, and that’s the starting point for every investment we make.”
For operators of hydro, wind and solar assets, short‑range forecast accuracy directly impacts balancing costs, grid reliability, power trading and production yield. With more than 9 TWh of annual generation and one of Norway’s largest regional distribution grids, Eviny is well positioned to capture the operational value of Skyfora’s high‑frequency, sub‑kilometre atmospheric intelligence – from hydropower scheduling and flood forecasting to broader energy‑market decision‑making across the group.
Ugly Duckling Ventures, the Copenhagen-based venture capital firm and an existing Skyfora investor, continues its support of the company as it enters its next phase of commercial growth. Ugly Duckling Ventures brings hands-on operational experience and a track record of backing Nordic technology companies through the transition from early traction to commercial scale.
Andreas Green Rasmussen, GP at Ugly Duckling Ventures, commented: “When we first invested in Skyfora, there was a technical risk in the feasibility of rolling it out in the eco-system. With the technical risk significantly reduced, the opportunity now lies in commercialising a truly unique atmospheric data platform. We are proud to lead this round and support Skyfora as it scales globally and brings a new generation of weather intelligence to customers across industries.”
Lumo Labs Lumo Labs, the venture capital firm, continues its support of Skyfora following its participation in the company’s earlier funding. Lumo Labs focuses on technology companies building infrastructure and solutions with high long-term impact across climate, data and connectivity.
Linn-Cecilie Linnemann, Partner at Lumo Labs, said: “At LUMO Labs, we invest where AI meets real-world impact. Right now, in climate the biggest real-world impact will come from better data. Having worked closely with Fredrik and the Skyfora team over the past 1.5 years, we’ve been consistently impressed by their depth, execution, and long-term vision. They are building a unique advantage through proprietary atmospheric data and are on a path to secure the world’s largest real-time GNSS weather data assets. That’s where the real value, and defensibility will be created.”
Read the orginal article: https://arcticstartup.com/skyfora-raises-e6-5m/
