Meteomatics funding news – Saint Gallen-based Meteomatics Secures $22 Million in Series C Round Funding

The round was led by Armira Growth, a European technology investor that partners with ambitious companies that are driving technological change. The existing investors have also been involved in this round.

More than 600 companies, including Tesla, CVS Health, Swiss Re, McCain, NASA, Honda, Airbus, Stellantis, and UK Power Networks, rely on Meteomatics’ high-resolution weather data to make critical business decisions.

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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. This makes it imperative that they have real-time insights into hyper-local weather events.

Funding Utilisation

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 verticalized industry weather solutions.

Extreme Weather Events Are Costing Businesses Billions of Dollars

In 2024, there were 24 weather and climate disasters that exceeded a billion dollars 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.

Martin Fengler, CEO of Meteomatics said, “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, 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.”

Florian Tappeiner, Managing Partner, Armira Growth said, “Meteomatics is uniquely positioned to provide the accurate and sophisticated weather forecasts businesses need to minimize risk and optimize processes across critical industries, 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.”

About Meteomatics

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.