ClimaCell, a US-based weather forecasting and intelligence service backed by carmaker Ford and airline operator JetBlue Airways, has collected $23m of series C funding co-led by Pitango Growth and Square Peg Capital, TechCrunch has reported.
Founded in 2015, ClimaCell provides weather forecasting data collected from communications and internet-of-things infrastructure such as cell tower transmissions and connected cars.
The company’s flagship service, dubbed MicroWeather, is intended to be highly accurate and is tailored to enterprises which depend on forecasts relevant to their operations.
ClimaCell also offers a consumer-facing forecasting app. It will use the funding to aid its R&D and commercialisation strategy.
The company raised $7m of equity funding in April 2019, according to a regulatory filing, after closing a $45m series B in late 2018 backed by Ford Smart Mobility and JetBlue Technology Ventures, respective units of Ford and JetBlue.
Venture capital fund Clearvision Ventures led the series B round, and Envision Ventures, Canaan, Fontinalis Partners and Square Peg Capital also participated.
ClimaCell had already secured an undisclosed sum from JetBlue Technology Ventures in early 2018, two months after Canaan led a $15m series A round that also included Fontinalis Partners and Square Peg Capital.