ClimaCell Receives Investment from JetBlue Technology Ventures

ClimaCell, a Boston, MA-based hyper-local weather forecasting company, received an investment from JetBlue Technology Ventures, the venture capital subsidiary of JetBlue Airways (NASDAQ:JBLU).

The amount of the deal – which is part of ClimaCell’s Series A funding – was not disclosed.

Led by Shimon Elkabetz, CEO and Co-Founder, ClimaCell is a software-based hyper-local weather forecasting company, which creates proprietary weather observation data from wireless networks that then feed into its models. The results pinpoint weather prediction down to city-block-level granularity in real-time and at one minute intervals 0-6 hours in the future for businesses and government agencies.

FinSMEs

19/01/2018

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