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Industries
Data & Analytics
Energy
Company Size
51-200
Company Stage
Series A
Total Funding
$97.3M
Headquarters
Louisville, Kentucky
Founded
2020
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.
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Total Funding
$97.3M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
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.
Intersphere Inc., a Fort Collins technology company, has been acquired by Louisville, Kentucky-based weather data-analytics firm Climavision.
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.
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
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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Industries
Data & Analytics
Energy
Company Size
51-200
Company Stage
Series A
Total Funding
$97.3M
Headquarters
Louisville, Kentucky
Founded
2020
Find jobs on Simplify and start your career today