WindBorne Systems, a weather technology company, has raised $37 million in a Series B financing round, according to TechCrunch. The round was co-led by Khosla Ventures and Galvanize, and it values the company at $250 million on a post-money basis. WindBorne operates long-endurance balloons that collect atmospheric weather data, which is then fed into AI-powered forecasting models. The company currently has about 600 balloons in the air, operating through 20 launch sites around the world. Its primary customers are government agencies. The new capital is earmarked for expanding WindBorne's commercial team and for pushing into private-sector clients, particularly investment funds. Beyond public-sector work, the company's AI-enhanced weather forecasting is tailored to industries such as finance and agriculture. TechCrunch reported the funding news.
Weather technology company WindBorne Systems has closed a $37 million Series B round, with Khosla Ventures and Galvanize acting as co-lead investors, according to TechCrunch. The financing puts the company's post-money valuation at $250 million.
WindBorne uses long-endurance balloons to collect weather data and feeds that data into AI-based prediction models. The company currently has roughly 600 balloons airborne, supported by 20 launch sites around the globe.
Government agencies are WindBorne's main customers today. The company plans to use the proceeds to build out its commercial team and to expand into private-sector clients, especially investment funds. The AI-driven forecasting service targets sectors that include finance and agriculture.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.