Weather intelligence and technology company Meteomatics enables the world’s leading companies to forecast the weather’s impact on business accurately, and the company announced the closing of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation. Meteomatics will use the funding to scale its high-resolution weather and climate technology and expand into new markets and industries, further propelling its mission to revolutionize weather forecasting.
Meteomatics is the only company that runs a weather model with a resolution of 1 km, or down to street level, updating every hour with the latest weather data and observations. Visibility at this level allows the company to identify even the smallest meteorological phenomena like thunder, hail, wind, and other storms. This contrasts with current government and commercial weather observation technology that run at resolutions of 10-50 km and are updated only 3-4 times a day, lacking the data to detect and forecast weather events in low-level airspace effectively.
To provide weather forecasting in the mid and lower atmosphere at this degree of precision, Meteomatics gathers weather data using its Meteodrones, weather drones capable of flying up to 6 km (20 ‘000 feet). And by combining its high-resolution weather models with data collected by its Meteodrones and 110 other sources, the company delivers unparalleled accuracy for hyperlocal weather impacts.
Lockheed Martin Ventures makes strategic investments in companies developing cutting-edge technologies in core businesses and new markets important to Lockheed Martin. This investment will enable Meteomatics to expand its work in industries including energy, aviation, insurance, defense, and governments and enter new markets. Many companies rely on Meteomatics’ precision weather intelligence and analytics to make informed business decisions on the impact of weather and better prepare for potential weather-related disruptions.
Meteomatics is based in St. Gallen, Switzerland, with local operations in Germany, Spain, the UK and, most recently, the U.S. And the company launched operations in the U.S. in 2023 with the country’s first Meteodrone at GrandSky Aviation Park’s Weather Operations Center.
KEY QUOTES:
“Meteomatics’ weather intelligence has the potential to give the U.S. and its allies a better understanding of the dynamic environments in which assets and personnel operate, both improving operational effectiveness and reducing risk.”
- Chris Moran, Vice President and General Manager, Lockheed Martin Ventures
“Lockheed Martin Ventures identifies companies with transformative technologies that serve the evolving needs of our customers and missions. Meteomatics’ weather intelligence has the potential to give the U.S. and its allies a better understanding of the dynamic environments in which assets and personnel operate, both improving operational effectiveness and reducing risk.”
– Chris Moran, vice president and general manager of Lockheed Martin Ventures
“We’re expecting a higher number of extreme weather events this year and that number will only climb over the next few years–it’s critical that businesses have access to the most accurate weather forecasts so they can properly plan and make informed decisions about weather impacts. We are excited to have Lockheed Martin Ventures in our corneras we scale our solutions around the world.”
– Dr. Martin Fengler, Founder and CEO of Meteomatics
