Weather Analytics, a US-based weather prediction software developer, has raised $17m in series B funding from insurance companies Tokio Marine HCC and WR Berkley.
Established in 2012, Weather Analytics has developed a weather prediction platform that is aimed at markets such as property underwriting and insurance, national security and agriculture.
Weather Analytics has now raised more than $30m in funding to date. Tokio Marine HCC led a series A round in 2015 that closed at approximately $13m according to a securities filing, and which also featured In-Q-Tel, the venture capital affiliate of the US intelligence community.
The Maryland Venture Fund, an investment vehicle owned by the US state of Maryland, invested $500,000 in the company in September 2013, after In-Q-Tel had supplied an undisclosed sum in April the same year.
Chris Williams, chief executive of Tokio Marine HCC, said: “We are delighted to continue investing in technology that differentiates our capabilities and the products we offer to our customers.
“Weather Analytics leadership and innovation within the big data space will help push the insurance industry into the future.”