GeoMetWatch Closes $6M Funding

GeoMetWatch, a Las Vegas, NV-based developer of solutions for more accurate weather prediction, closed a $6m funding round.

The company intends to use the funds to deploy six data-gathering sensors into orbit, 22,236 miles above the equator.

Led by CEO David Crain, GeoMetWatch aims to facilitate the collection and delivery of advanced atmospheric sounding data to forecasters for more accurate prediction of severe weather ever achieved.
Its sensors (hyperspectral atmospheric sounders) are developed by the US Government and deployed by “renting” space on standard communication satellites and downloading the data. The data collected will then be processed and sold to weather agencies of sovereign governments worldwide on long-term contracts, and secondarily to commercial enterprises (i.e., airlines, logistics companies, utilities, agriculture).
The company will collect and deliver imaging data on a fee-for-service basis.

FinSMEs

15/07/2013

Join the discussion