Armira Growth Leads Raise to Expand the Company’s High-Resolution Weather Model to Companies Across Energy, Insurance, Agriculture, Aviation and Other Industries
Meteomatics, the weather intelligence and technology company that enables the world’s leading companies to accurately forecast the weather’s impact on business, today announces the close of its $22M Series C funding round. The round was led by Armira Growth, a European technology investor that partners with ambitious companies that are driving technological change. Klima, the Alantra Energy Transition fund; a leading U.S.-based renewables and utility company; and Fortyone also participated in the round.
More than 600 companies, including Tesla, CVS Health, Swiss Re, McCain, NASA, Honda, Airbus, Stellantis, and UK Power Networks, rely onMeteomatics’ high-resolution weather data to make critical business decisions. As extreme weather becomes more frequent and its impact more severe to businesses, Meteomatics is seeing significant demand from companies across energy, insurance, agriculture, aviation, automotive and other industries. For these companies, extreme weather is only one concern. Everyday shifts in weather conditions, as well as long-term climate trends, can also significantly affect their offerings and/or operations. This makes it imperative that they have real-time insights into hyper-local weather events.
Meteomatics will use the funding to scale its operations to meet this growing demand and extend its business further into the U.S. The funding will additionally fuel the innovation of Meteomatics’ weather models and solutions–including the company’s autonomous weather drones (“Meteodrones”)–and grow the company’s suite of verticalized industry weather solutions.
Extreme weather events are costing businesses billions of dollars.
In 2024, there were 24 weather and climate disasters that exceeded a billion dollars in damages. As extreme weather events grow more commonplace and intense, their impact on daily lives and business operations will continue to increase. Long-term incremental shifts in climate are also dictating business strategies across several industries. According to the World Economic Forum, businesses that fail to adapt to weather and climate risks could lose up to 7% of earnings annually by 2035.
“Weather-related business risks are no longer something companies need to simply consider; a company’s ability to accurately predict and prepare for weather threats can make or break their business. This is where Meteomatics comes in,” said Martin Fengler, CEO of Meteomatics. “We’ve spent over 10 years bringing technology to market that offers the highest precision weather forecasting that businesses can get and sets new global standards for weather data. We’ve attracted some of the world’s most innovative companies along the way, and we look forward to meeting this demand by exponentially scaling our company and technology.”
Current weather forecast data lacks the granularity and frequency that businesses need.
Government and commercial weather observation technologies currently lack precision and the ability for companies to effectively detect and forecast weather events created in the low-level airspace, such as fog, precipitation, wind, hail, storms, and fluctuating temperatures. This is because these weather models typically run at wide resolutions of 10-50 km and update only 3-4 times a day. Being able to accurately forecast weather in real time–and over time–directly influences businesses’ ability to predict demand and production needs, identify and manage risks to assets, services and supply chains, optimize earnings and ensure the long-term viability of their business models.
Meteomatics is the only company to run an hourly weather model at a resolution of 1 km or under a mile, which is fine enough to accurately detect even the smallest meteorological phenomena. The company first launched this high-resolution model in Europe, dubbed “EURO1k,” and will release its US1k model in Q1 of 2025, covering the contiguous U.S. and Gulf of Mexico at a resolution of 1km. With access to weather data at this finely detailed level, companies can make more informed business decisions to better navigate the weather’s increasing impact on their operations. This enables businesses to reduce costs, properly plan and allocate resources, drive operational efficiencies, better protect assets and the workforce and increase digital resilience to weather events, among other things.
“Meteomatics is uniquely positioned to provide the accurate and sophisticated weather forecasts businesses need to minimize risk and optimize processes across critical industries,” said Florian Tappeiner, Managing Partner, Armira Growth. “We are highly impressed by Martin and the entire Meteomatics team and look forward to being a part of this next chapter to continue building world-class weather products.”
Meteomatics combines data from 110+ weather data sources, including aircraft, ground stations, drones, radars, satellites, and its Meteodrones, which gather weather data from the lower and middle atmosphere to provide businesses with the most accurate weather forecasts.
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