[Funding alert] Switzerland-based Meteomatics Secures an Investment
Feb 3, 2024 | By Startup Rise EU
![Switzerland-based Meteomatics secures an investment. The venture capital division of the multinational aerospace and security firm Lockheed Martin Corporation (NYSE: LMT) is called Lockheed Martin Ventures.](https://startuprise.co.uk/wp-content/uploads/2024/02/Switzerland-based-Meteomatics-Secures-an-Investment-.webp)
Switzerland-based Meteomatics secures an investment. The venture capital division of the multinational aerospace and security firm Lockheed Martin Corporation (NYSE: LMT) is called Lockheed Martin Ventures.
The deal's total value was not made public. With the money, the business will grow into new markets and sectors, such as energy, aviation, insurance, defense, and government, and enhance its high-resolution weather and climate technology.
Read also - Krakow-based edrone Secures €4.6 Million in Funding
Meteomatics is a weather intelligence and technology firm that helps businesses predict the impact of the weather on their operations. Dr. Martin Fengler is the company's founder and CEO. Every hour, it updates a meteorological model with the most recent observations and data at a resolution of 1 km, or street level.
RECOMMENDED FOR YOU
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/02/Stockholm-based-Life-Inside-Raises-E350k-in-Funding.webp)
[Funding alert] Stockholm-based Life Inside Raises €350k in Funding
Startup Rise EU
Feb 16, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/04/Berlin-based-a2zebra-Secures-E500k-in-Funding.webp)
[Funding alert] Berlin-based Tuktoro® by a2zebra Secures €500k in Funding
Startup Rise EU
Apr 3, 2024
![recomd](https://startuprise.co.uk/wp-content/uploads/2024/05/Copenhagen-based-Claimlane-Secures-E1.8-Million-in-Seed-Funding-1.webp)
Claimlane funding news – Copenhagen-based Claimlane Secures €1.8 Million in Seed Funding
Startup Rise EU
May 28, 2024
At this level of visibility, the business is able to recognize even the slightest storms, wind, hail, and other weather phenomena. Meteomatics uses its Meteodrones, weather drones that can fly up to 6 km (20 000 feet) in the air, to gather meteorological data in order to give weather forecasting in the mid and lower atmosphere with this level of precision.
Read also - Amsterdam-based DataSnipper Secures $100Million in Series B Round Funding
The company provides businesses with hyperlocal weather impact accuracy by merging data from 110 different sources, including its Meteodrones, with its high-resolution weather models.
About Meteomatics
A weather intelligence and technology company called Meteomatics makes it possible to precisely predict how the weather will affect businesses at any given time and wherever in the world.
Read also - Galway-based CitySwift Secures €7Million in Funding
Meteomatics provides weather data to over 450 businesses, such as CVS Health, Tesla, Swiss Re, Airbus, Toyota, Volkswagen, and EDF Energy. These businesses rely on Meteomatics for energy savings, logistics, process automation, risk management, and product creation, among other things.
Recommended Stories for You
![story](https://startuprise.co.uk/wp-content/uploads/2024/02/Zurich-based-Founderful-Secures-E78-Million-in-Funding.webp)
[Funding alert] Zurich-based Founderful Secures €78 Million in Funding
Team SR Feb 13, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/07/Munich-based-Cartken-Secures-E20.8-Million-in-Funding.webp)
Cartken funding news – Munich-based Cartken Secures $22.5 million in Funding
Startup Rise EU Jul 4, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2023/12/Copenhagen-based-Seasony-Secures-E1.5-Million-in-Funding.webp)
[Funding alert] Copenhagen-based Seasony Secures €1.5 Million in Funding
Startup Rise EU Dec 11, 2023
![story](https://startuprise.co.uk/wp-content/uploads/2024/06/Spacetech-Startup-Skynopy-Secures-3.1-Million-in-Funding.webp)
Skynopy funding news – Spacetech Startup Skynopy Secures $3.1 Million in Funding
Startup Rise EU Jun 24, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2024/05/Medtech-Startup-Bicycle-Therapeutics-Secures-555Million-in-Equity-Funding.webp)
Bicycle Therapeutics funding news – Medtech Startup Bicycle Therapeutics Secures $555Million in Equity Funding
Startup Rise EU May 25, 2024
![story](https://startuprise.co.uk/wp-content/uploads/2023/12/Paris-based-TotalEnergies-Acquired-Three-Startups-.webp)
Paris-based TotalEnergies Acquired Three Startups
Startup Rise EU Dec 14, 2023