Climavision

Climavision

Develops advanced weather forecasting technology

About Climavision

Simplify's Rating
Why Climavision is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Data & Analytics

Energy

Company Size

51-200

Company Stage

Series A

Total Funding

$97.3M

Headquarters

Louisville, Kentucky

Founded

2020

Overview

Climavision focuses on improving weather forecasting and risk management for businesses and communities. The company is building a large radar network to enhance weather radar coverage and uses data from space to create a detailed understanding of weather patterns. This technology allows them to generate highly accurate forecast models, enabling clients to anticipate and prepare for severe weather events. Unlike other weather services, Climavision provides real-time data that addresses gaps in existing weather information, making it especially useful for those needing to respond to extreme weather. The goal of Climavision is to help clients reduce risks related to climate change by offering timely and precise weather data.

📈
Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Climavision's acquisition of Intersphere enhances AI-powered weather prediction capabilities.
  • The $100 million investment from The Rise Fund supports Climavision's growth and innovation.
  • Demand for high-resolution weather data is increasing in energy, insurance, and agriculture sectors.

What critics are saying

  • Competition from established providers like The Weather Company and AccuWeather is intensifying.
  • Regulatory hurdles may slow the deployment of new radar systems in certain regions.
  • Dependence on external funding could lead to financial instability if future rounds fail.

What makes Climavision unique

  • Climavision offers 10x higher resolution weather forecasts than existing radar networks.
  • The company integrates AI and machine learning for advanced weather prediction modeling.
  • Climavision's proprietary radar network fills critical coverage gaps in the U.S.

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Funding

Total Funding

$97.3M

Above

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$100M
GitHub
$100M
Climavision

Growth & Insights and Company News

Headcount

6 month growth

↑ 3%

1 year growth

↑ 5%

2 year growth

↑ 7%
Lane Report
May 1st, 2024
Climavision Acquires Intersphere for AI Forecasts

Louisville-based Climavision has acquired Intersphere, a company specializing in AI-powered weather forecasts. Intersphere's technology enhances Climavision's capabilities in predicting weather and climate months in advance, crucial for energy, insurance, and agriculture sectors. This acquisition will enable better strategic decisions and improve resilience against extreme weather events, potentially preventing costly impacts like those experienced during the 2021 ERCOT grid failure.

BizWest
Apr 30th, 2024
Fort Collins weather-analytics firm Intersphere acquired

Intersphere Inc., a Fort Collins technology company, has been acquired by Louisville, Kentucky-based weather data-analytics firm Climavision.

BizWest
Apr 30th, 2024
Fort Collins weather-analytics firm Intersphere acquired

FORT COLLINS - Intersphere Inc., a Fort Collins technology company that uses artificial intelligence to predict weather patterns, has been acquired by Louisville, Kentucky-based weather data-analytics firm Climavision.

Business Wire
Apr 30th, 2024
Climavision Acquires Intersphere, Bolstering Leadership In Ai-Powered Weather Prediction

LOUISVILLE, Ky.--(BUSINESS WIRE)--Energy investors, producers and traders now have access to critical weather and climate insights earlier than ever before, thanks to the combined expertise of two leaders in AI-powered weather prediction. Louisville, KY-based Climavision, a leader in advanced weather modeling and forecasting technology, has acquired Intersphere, a fast-growing innovator specializing in subseasonal-to-seasonal (S2S) forecasting – predicting weather up to a year in advance. Intersphere’s unique technology and expertise will build on Climavision's own AI-powered weather prediction and decades of experience in numerical weather prediction. The result is a market-ready solution that energy customers can use to immediately improve their productivity, profitability, and resilience. Intersphere’s AI (Artificial Intelligence) process generates specific probability scenarios for virtually any aspect of the energy industry down to units as small as an individual wind farm. By combining that data with Climavision’s existing suite of high-resolution and global weather models, energy clients will have reliable, specific probabilities across a range of scenarios – with enough lead time to make both strategic and tactical decisions

KEZI
Jan 11th, 2024
New company looks to add Doppler radars to Oregon to fix the "radar gap"

A company called Climavision is considering adding up to four Doppler radars in Oregon, something that could happen in the next few years.

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