US-based surf forecast provider Surfline\Wavetrak has raised $30m of funding from TCG, an investment affiliate of over-the-top media holding company The Chernin Group.
Founded in 1985, Surfline provides ocean wave and weather information to consumers, government agencies and businesses through Surfline, a subscription-based product it claims has more than 3 million registered users.
Surfline leverages artificial intelligence and machine learning technology to allow its surf forecasters, wave modelers and data scientists to produce intelligent data on weather and surf conditions.
The company also provides editorial content as well as marketing and advertising services, and owns a portfolio of brands including Magicseaweed, Coastalwatch, Buoyweather and FishTrack.
Kyle Laughlin, Surfline’s newly appointed CEO, told the LA Times most of the new funding will be invested in its technology operations. It had previously received an undisclosed amount of from ScOp Venture Capital, according to its website.
TCG co-founder and partner Mike Kerns said: “Surfline has established itself as one of the largest and most respected surf brands in the world through a decades-long commitment to serving its global community.”