ImpactAlpha, June 3 — Louisville, Kentucky-based radar and satellite startup Climavision helps agriculture, government, insurance, renewable energy and transportation customers make more accurate weather forecasts.
Weather patterns are becoming increasingly unpredictable and volatile due to the effects of climate change. Climavision’s weather forecasting tech can help “save lives, limit business disruptions, and improve the lives of people and communities across the country,” says Climavision’s Chris Goode.
The $100 million investment from The Rise Fund, TPG’s global impact investing arm, will help the company improve the timing and accuracy of its weather forecasting using a mix of proprietary data, machine learning and artificial intelligence.
TPG’s Edward Beckley, Steven Mandel and Mariana Popa will join Climavision’s board of directors as part of the deal. Climavision is a spin out of Enterprise Electronics Corporation, a commercial supplier of weather radar systems.