ClimaCell

ClimaCell
Private
Industry Weather Data, Weather Forecasting
Founded 2015
Founders Shimon Elkabetz, Itai Zlotnik, Rei Goffer
Headquarters Boston, United States
Area served
 United States, India, Worldwide
Services Weather Monitoring & Forecasting, Short-Term Weather Forecasting, Nowcasting, Data Imaging and Analysis, Aviation Weather Forecasting, Outdoor Entertainment Weather Forecasting, Emergency Response Weather Forecasting, Severe Weather Alerts
Number of employees
 55
Website ClimaCell, Inc

ClimaCell is a Massachusetts-based weather forecasting company that repurposes wireless communication networks as weather sensors.[1]

The company was founded in 2015 by a team from the Harvard Business School and the MIT Sloan School of Management. Ratan Tata backed the company with a seed investment in 2016, additional investments followed from Project 11 Ventures, Square Peg Capital, and The Graduate Syndicate. The company closed a Series A financing round with participation from investors JetBlue Technology Ventures, Fontinalis, Canaan, and Square Peg Capital.[2] The company closed a Series B financing round in October 2018, with participation from existing investors Canaan, JetBlue Technology Ventures, Fontinalis Partners, Square Peg Capital and new investors Ford Smart Mobility LLC,[3] and Clearvision Ventures, and Envision Ventures[4] The company launched publicly with its HyperCast online dashboard in April 2017.[5]

Technology

The technology receives inputs from wireless communications infrastructure every minute and outputs observations and forecasts every minute. The data shows a spatial resolution of 300–500 meters. Colored dots on a screen shown in a demonstration make it clear where ClimaCell detects precipitation, often not aligning with weather service radar. Public radar is a public source. [6]

Corporate Social Responsibility Activities

ClimaCell began a roll-out in India as it launched in the United States. The company uses wireless networks to source weather data and predict weather. With no capital investment, ClimaCell’s data analysis and imaging service give consumers access to forecast updates and localized weather maps. The solution may enable farmers, business, and governments to make informed decisions. [7]

Business Model

ClimaCell was the first company to bring a new source of weather data to market by repurposing existing global infrastructure. Inc reported, "Unencumbered by manufacturing and hardware deployment, companies like ClimaCell can launch their products almost immediately."[8] Infrastructure elements of wireless communications networks are used as passive weather sensors.

Clients

ClimaCell’s clients include JetBlue Airways, Delta, ride sharing company Via, several sports leagues, a construction company, drone operator Hangar, and a hedge fund.[9]

News References

References

  1. ↑ Martin, Dylan. "High Accuracy Weather Data Provider ClimaCell Uses Wireless Networks". Bostinno.
  2. ↑ "SEC Filing".
  3. ↑ "Ford Website".
  4. ↑ Axios https://www.axios.com/climacell-weather-funding-airplanes-autonomous-vehicles-4d2c93c8-232d-4b64-ba92-aeb83c1dea38.html. Missing or empty |title= (help)
  5. ↑ "The Street, We Are Transforming Meteorology".
  6. ↑ Page, Michael. "NBC". NBC.
  7. ↑ "Legatum Center of MIT". MIT's Legatum Center.
  8. ↑ Tredgold, Gordon. "Why Faster, Better, Cheaper is No Longer Good Enough". Inc. Magazine.
  9. ↑ "Counting raindrops using mobile-phone towers". The Economist. 30 September 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.