Tomorrow.io co-founders (R-L) Shimon Elkabetz, Rei Goffer and Itai Zlotnik. Photo credit Tomorrow.io
Tomorrow.Io, an Israeli founded startup that offers a platform for weather and Climate security, raised $87 million in a Series E round of funding led by Activate Capital. Joining the round were RTX Ventures, Seraphim Space and Chemonics. The funding came just after the company launched its second satellite, R-2, on the SpaceX Transporter-8 rideshare flight.
Founded in 2016 by Shimon Elkabetz, Rei Goffer, and Itai Zlotnik Tomorrow.io was then called ClimaCell. The startup improves weather forecasting via a visualization map that displays over 30 different weather and air parameters. The software gives hyper-local, extremely accurate environmental data, as well as historical, real-time, and forecasting data. It is also adapted to the client’s special needs. Different buyers have different value propositions and different solutions.
Tomorrow.io’s software gives hyper-local, extremely accurate environmental data, as well as historical, real-time, and forecasting data. It is also adapted to the client’s special needs. Different buyers have different value propositions and different solutions.
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The company provides its clients with real-time accurate weather data as well as actionable suggestions tailored to their specific needs. Clients include Uber, Ford Motor, Delta Airlines, JetBlue Airways, National Grid, and the U.S. Air Force.
Several years ago Tomorrow.io planned to hold an IPO on the NASDAQ that it thought would bring a $1.2 billion valuation. But that deal fell through.
In May, Tomorrow.io launched Tomorrow-R, the world’s first commercially built weather-radar satellite. It is orbiting at 500 km above Earth in a polar orbit, and carrying a Ka-band radar ideally suited for detecting precipitation and critical ocean parameters. Tomorrow-R1 marks the first step in deploying the Tomorrow.io constellation of active and passive sensors, which will achieve breakthroughs in global weather forecasting and climate observation – near real-time scans of precipitation and atmospheric profiles for any point on Earth.
“Until today, only a handful of atmospheric radars have been launched to space, all built by government agencies with hefty budgets and long development times. Tomorrow.io is offering a step change in price-to-performance ratio, enabled by private innovation,” said Shimon Elkabetz, CEO and co-founder of Tomorrow.io at the time. “Given their lofty costs, governmental missions have been limited to single satellites with revisit rates on the order of days-to-weeks. With every subsequent launch, Tomorrow.io will get closer to an era of truly proliferated weather sensing from space, closing this decades-old gap. We’re building the de facto GPS network for weather.”
