ClimaCell Raises $15 Million to Provide Weather Sensitive Industries with Military Grade Forecast Precision

a software-based hyper-local weather forecasting company, announced that the company has closed $15 million in Series A funding. ClimaCell creates proprietary weather observation data from wireless networks that then feed into its models. The results pinpoint weather prediction down to city-block-level granularity in real-time and at one minute intervals 0-6 hours in the future for businesses and government agencies. Canaan led the financing round with participation from Fontinalis Partners, as well as existing investor Square Peg Capital. The latest investment will be used to accelerate ClimaCell’s expansion outside of the U.S., speed product development efforts and support new hires. “Nearly $3 trillion of the U.S. economy’s GDP is at risk due to weather every year and ClimaCell’s technology is poised to help verticals like aviation, insurance, financial services, logistics and defense change that,” said Rich Boyle, General Partner at Canaan who is joining ClimaCell’s board. “By shifting from forecasting to more accurate, granular, real-time predictions – what we call “nowcasting,” ClimaCell is changing the way massive industries assess, manage and make decisions around weather risk.”