Israeli weather intelligence startup ClimaCell has raised $23 million Series C financing round. The current round co-led by Pitango Growth and previous investor Square Peg Capital.
ClimaCell founded in 2016 by CEO Shimon Elkabetz, CSO Rei Goffer, and COO Itai Glotnik and has raised over $100 million to date.
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What is so special in ClimaCell?
The company has built AI system which collects information from many sources, all of which connected to the internet: such as satellite dishes, street cameras, cellular stations, airplanes, drones, and much more. The company transforms all these sources into weather sensors.
The company claims its forecast is significantly more accurate than the information and models that governments provide, which is not enough.
So, instead of relying on standard weather forecasts that can give a prediction for an entire city, Climcell said it is able to display a forecast at an accuracy level of 500 meters, every single minute.
Using the company’s system helps customers save millions in operational efficiency, improve safety, and avoid significant costs and damages from weather events.
ClimaCell has expanded rapidly in the past few years and now has more than 100 employees worldwide, with customers including Uber, Delta, Ford, Intact Insurance, National Grid, the US Open, Rappi, Porsche, and more.
The company also launched an app for Android and iOS, which allows you to plan physical activities.
