Paris, 7 June 2021. – The weather platform Climavision raised $100 million from TPG’s The Rise Fund, the fund announced.
The San Francisco-based Rise Fund announced a $100 million strategic investment in Climavision, a pioneering weather services and intelligence platform powered by a private network of high-resolution radars, GPS-RO data, and proprietary software.
Climavision aims at improving the timing and accuracy of weather forecasting and to fill low-level gaps in existing weather surveillance.
Climavision was formed out of Enterprise Electronics Corporation (EEC), the world’s largest privately-held commercial supplier of weather radar systems. EEC has more than 1,200 installations across 95 countries, the Rise Fund said.
“By combining lower altitude, proprietary data with cutting-edge machine learning and AI technology, Climavision’s one-of-a-kind offering provides 10x higher resolution and more accurate forecasting to address critical coverage gaps left by existing radar networks across the U.S.,” the Rise Fund said.
Climavision also struck an exclusive agreement with leading GPS-RO provider GeoOptics to enhance forecasts by leveraging its private network of radio-occultation satellites.