Cordulus funding news – Denmark-based Cordulus Raises €3Million in Funding
Nov 7, 2024 | By Kailee Rainse
Cordulus, an AI-powered weather solutions provider, has raised €3 million in funding from Danish Agro and the Pajbjerg Foundation.
SUMMARY
- Cordulus, an AI-powered weather solutions provider, has raised €3 million in funding.
- Cordulus uses cutting-edge technology to collect and analyze weather data, helping industries make better decisions and improve sustainability.
The company will use the funds to expand its weather solutions into new markets.
John Smedegaard, CEO of Cordulus said, “We are proud of the continued support from our investors, which shows confidence in our long-term vision,”.
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Advanced Weather Insights with AI
Cordulus, led by John Smedegaard, uses artificial intelligence to provide highly accurate hyperlocal weather forecasts. Their AI model improves accuracy by 50% compared to traditional weather prediction methods.
John Smedegaard said , “We are currently seeing a global transformation where AI-based weather technologies open up new possibilities. We are pioneering this development and see huge potential in bringing our data analytics and forecasting tools to new industries and markets where detailed, frequently updated weather forecasts create great value.” continuous Smedegaard. We help companies manage weather-related risks, reduce resource consumption, and reduce their carbon footprint. It is through AI that we can position ourselves as a key player in the green economy of the future,”.
It helps companies manage weather risks, reduce resource use, and lower their carbon footprint, positioning itself as a key player in the green economy.
Support from Key Investors
The Danish Agro group, which specializes in agricultural products like feed, fertilizer, and crop protection, has been an investor in Cordulus since 2018.
Henning Haahr, CEO of Danish Agro Group and Chairman of the Board of Cordulus said, “We have been an investor in Cordulus since 2018 and have witnessed first-hand the strong development the company has gone through. The weather stations are good examples of the way we want to help farmers around the Baltic Sea with digital tools”,.
The Pajbjerg Foundation, focused on supporting crop research and development in Danish agriculture, also backs Cordulus.
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Michael Stevns, Chairman of the Pajbjerg Foundation said, “The Pajbjerg Foundation is pleased to once again be able to help Cordulus grow and develop. Our focus is to support plant breeding, and weather conditions are a crucial parameter to navigate when developing new varieties for food and feed,”.
About Cordulus
Cordulus uses cutting-edge technology to collect and analyze weather data, helping industries make better decisions and improve sustainability.