New financing to help weather drones expand in US market
St.Gallen – Meteomatics, which develops drones that provide environmental data taken from the ground level up to 3 kilometres in the atmosphere, has received new financing. It has also entered into a new partnership that could soon help it sell its drones in the US market.
Meteomatics’ weather drones provide high-quality environmental data from what is called the planetary boundary level, from the ground level up to three kilometers in the atmosphere. According to the St.Gallen-based company, its drones can be used to accurately predict highly localized weather events. Its customers include companies from the logistics and energy sectors.
In early September, private equity firm Fortyone, which is also based in St.Gallen, entered into a partnership with Meteomatics. While the investment amount has not been disclosed, an article in startupticker.ch reveals that the new financing will help Meteomatics expand internationally.
A few days after the partnership with Fortyone was announced, Meteomatics signed a partnership agreement that will also help drive its international expansion: its weather drones will be used by US-based micro-weather data analytics company TruWeather Solutions Inc. to provide data that will improve the safe operation of Unmanned Aircraft Systems (UAS).
“By working with TruWeather’s deep expertise in the delivery of ROI enhancing weather data solutions into the aviation, logistics and weather industries we look forward to integrating our industry-leading Meteodrones into the US drone operations market,” said Martin Fengler, founder and CEO of Meteomatics.