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HomeFunding Warszawa-based Rainbow Weather Secures almost $2M in Funding

[Funding alert] Warszawa-based Rainbow Weather Secures almost $2M in Funding

Rainbow Weather, situated in Warszawa, has secured funding secures to $2 million. Among the backers were the venture capital firms Melnichek Investments, Verras Capital, and Kolos Ventures.

Rainbow Weather, situated in Warszawa, has secured funding secures to $2 million. Among the backers were the venture capital firms Melnichek Investments, Verras Capital, and Kolos Ventures.

In addition, the Polish firm that operates under the name Rainbow Meteo Technologies has received further funding assistance from the European Bank for Reconstruction and Development.

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The funds will be used by the company to expand both its operations and its clientele.
Rainbow Weather, which was established by Yury Melnichek and Alexander Matveenko, uses artificial intelligence to give precise and immediate weather forecasts.

According to the firm, it offers weather forecasts using a variety of data sources such as shared barometer data, user reports, satellites, and meteorological stations.

Read also – Lithuaniac -based Green Energy Company Green Genius Secures €6.9M in Funding

The company’s first offering is a smartphone app for iOS and Android that offers hyperlocal forecasts, alerting users of approaching storms, hurricanes, and falls as well as their movements on a map.

In the US, where Apple has the best coverage, it has achieved 3.5 percentage points of rain prediction accuracy over Apple Weather, and 9.5 percentage points over AccuWeather globally.

Read also – UK-based Globacap Secures $21Million Series B Round Funding

Based on the percentage of rain that was correctly anticipated during a 30-minute forecast window, precision was determined. To put these figures into context, that means that if consumers use Rainbow Weather, an additional 35,000 to 95,000 people will accurately be informed about an impending shower for every million users of weather apps.

About Rainbow Weather

using ML to revolutionise weather forecasting. Rainbow Weather combines worldwide data with unmatched accuracy and provides hyperlocal updates in less than five minutes. Participate

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