Climavision, a Louisville, KY-based company which specializes in advanced weather modeling and forecasting technology, acquired Intersphere, a Fort Collins, CO-based innovator specializing in subseasonal-to-seasonal (S2S) forecasting – predicting weather up to a year in advance.
The amount of the deal was not disclosed.
With the acquisition, Climavision will expand its offerings.
Led by CEO Ben Toms, Intersphere uses proprietary AI models to issue weather and climate forecasts from weeks to months into the future. Their algorithms improve forecast accuracy, increase the amount of time customers have to act on a forecast, and provide more details about probabilistic information. Customers in energy, insurance, and agriculture can use this information to make more strategic decisions about the impacts of weather on their business.
Led by CEO Chris Goode, Climavision brings together a supplemental weather radar network, combined with advanced weather prediction modeling, including AI forecasting technology, and expertise, to improve forecast speed and accuracy. The company is headquartered in Louisville, KY, with research and development operations in Raleigh, NC.
FinSMEs
01/05/2024