Meteomatics, a weather intelligence and technology company, has announced the successful closure of a strategic funding round led by Lockheed Martin Ventures, the venture capital arm of the global security and aerospace leader Lockheed Martin (NYSE: LMT). The investment underscores the growing importance of advanced weather forecasting in various industries and national security.
The capital infusion will enable Meteomatics to further scale its innovative high-resolution weather and climate technology and extend its footprint into new markets and sectors. This expansion aligns with the company’s mission to transform the field of weather forecasting and provide businesses with precise weather impact forecasts.
Meteomatics sets itself apart in the meteorological field by operating a unique weather model that delivers updates every hour at a resolution as precise as 1 km, or down to street level. This high-resolution capability allows the company to detect minute meteorological phenomena, such as thunder, hail, and storms, which current governmental and commercial technologies, operating at 10-50 km resolutions and updating merely 3-4 times a day, often miss.
To achieve this level of precision, particularly in mid and lower atmospheric layers, Meteomatics utilizes its Meteodrones. These specialized weather drones can ascend up to 6 km (20,000 feet), gathering critical weather data. By integrating this drone-collected data with information from 110 other sources, Meteomatics provides businesses with unrivaled hyperlocal weather impact accuracy.
Lockheed Martin Ventures' investment in Meteomatics reflects a strategic move to enhance weather intelligence that can significantly benefit the U.S. and its allies. According to Chris Moran, Vice President and General Manager of Lockheed Martin Ventures, Meteomatics’ advanced weather forecasting technologies have the potential to enhance operational effectiveness and reduce risks in dynamic environments.
As part of Lockheed Martin’s broader strategy, the investment in Meteomatics aligns with its focus on innovative technologies across core and emerging markets. Meteomatics’ expansion will cover sectors like energy, aviation, insurance, defense, and government, marking a new chapter in the company’s global outreach.
Dr. Martin Fengler, Founder and CEO of Meteomatics, emphasized the increasing importance of accurate weather forecasts in the face of rising extreme weather events. With the backing of Lockheed Martin Ventures, Meteomatics is poised to scale its solutions globally, offering businesses crucial tools to navigate weather-related challenges.
Founded in St. Gallen, Switzerland, Meteomatics has established a strong presence in Germany, Spain, the UK, and, as of 2023, the U.S., with its first Meteodrone launched at GrandSky Aviation Park’s Weather Operations Center. This strategic partnership marks a significant milestone in weather forecasting and analytics, promising to reshape how industries and governments prepare for and respond to weather impacts.