Deals

ClimaCell Raises $15M in Series A Funding
Date: 
Monday, November 27, 2017
Location: 
Boston
Categories: 
B2B
Big Data & Analytics
Other
Deal Type: 
Funding

Today, ClimaCell, a software-based hyper-local weather forecasting company, announced that the company has closed $15 million in Series A funding. ClimaCell 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.

Canaan led the financing round with participation from Fontinalis Partners, as well as existing investor Square Peg Capital. The latest investment will be used to accelerate ClimaCell’s expansion outside of the U.S., speed product development efforts and support new hires... READ MORE