Tomorrow.io Overview
Tomorrow.io is a weather technology company that offers a hyper-local weather forecasting platform for businesses and individuals. The company’s platform uses a combination of proprietary technology, advanced modeling techniques, and machine learning to provide accurate weather information for specific locations in real time. Tomorrow.io offers a range of services, including weather analytics, predictive insights, and API integrations for businesses in industries such as transportation, aviation, energy, retail, and construction.
Cumulative Funding Raised Over Time ($)
$7.0MApr 2019
$30.0MJul 2020
$117.0MJun 2023
$194.0MMar 2021
$199.0MMay 2017
$214.0MNov 2017
$259.0MOct 2018
$281.0MSep 2023
Latest News
growth-positive
Tomorrow.io raises $87 million for weather satellite constellation
Tomorrow.io, a weather data company, raised $87 million in a Series E funding round to support its campaign to gather weather and climate data. The funding round was led by Activate Capital and included participation from RTX Ventures, Seraphim Space, Chemonics, and existing investors. Tomorrow.io recently launched its second satellite, R-2, and plans to share radar data from its satellites in the future. The company has also received contracts from the Defense Department and the U.S. Space Force for weather satellites. Tomorrow.ios previous funding round was completed in 2021 when the company was known as ClimaCell.
Investment
growth-positive
אחרי גיוס של 250 מיליון דולר: TomorrowIO עדיין...
TomorrowIO, formerly known as ClimaCell, is a weather forecasting company that has been in operation for seven years. The company initially focused on using cellular networks to predict weather patterns, but this technology was eventually abandoned due to difficulties in accessing cellular companies. The company then shifted its focus to big data, claiming that its algorithms could provide more accurate forecasts than any competitor or government agency. In 2021, the company rebranded to TomorrowIO and announced a new direction: weather prediction satellites. The company raised $77 million in a Series C funding round and signed a $19.3 million contract with the US Air Force to develop and deploy its weather satellite array.
Investment
growth-positive
Tomorrow.io's Historic Satellite Launch Paves Way for Groundbreaking Advancement in Global Weather Forecasting
The Tomorrow Companies Inc. has announced the successful on-orbit operation of its first satellite, Tomorrow-R1. The satellite, launched on April 14th, is the worlds first commercially built weather-radar satellite. It is part of the Tomorrow.io constellation of active and passive sensors, which aims to achieve breakthroughs in global weather forecasting and climate observation. The satellite is equipped with a Ka-band radar for detecting precipitation and critical ocean parameters. The company plans to deploy more satellites to create a network for weather sensing from space. The launch of Tomorrow-R1 marks a step change in the price-to-performance ratio for atmospheric radars in space. The company has already received contracts from the DOD and is collaborating with NOAA. The satellite data is being integrated into Tomorrow.ios weather intelligence platform.
PartnersInvestment
growth-positive
Weather security platform Tomorrow.io to go public in $1.2 billion SPAC deal
Weather and security platform Tomorrow.io will go public through a merger with special purpose acquisition company Pine Technology Acquisition Corp, in a deal worth nearly $1.2 billion. The merger is expected to close in the first half of 2022 and will bring in up to $420 million in proceeds for Tomorrow.io. The funds will be used to invest in the companys platform, launch radar-equipped satellites, and for strategic mergers and acquisitions. Tomorrow.io provides real-time accurate weather information and actionable recommendations to clients, including JetBlue Airways and Uber Technologies. The company has raised $185 million to date and has secured a $75 million private investment in public equity (PIPE) from various investors. The merger will allow Tomorrow.io to list on Nasdaq under the symbol TMW.
Public TradingInvestment
growth-positive
"We like to call ourselves the Space X of weather-tech"
Tomorrow.io, a weather-tech company, plans to launch its own satellite constellation and become the SpaceX of weather-tech. The company sells a weather-intelligence platform that provides real-time weather forecasts and recommended actions for specific clients. Tomorrow.io aims to rely on its own technology rather than government agencies for weather sensing and processing. The CEO emphasized the importance of innovation and the companys ability to innovate at a faster pace. The article includes an interview with Tomorrow.ios CEO at the Mind the Tech New York 2021 conference.
Expand
| Sector | Business Software |
Funding
| Total funding | $281M |
| Last funding | $22M |
| Stage | E |
| Rounds | 8 |
| Investors | 23 |
Team Members
4
Employees: 201-500
Web & Social Links
| Website | www.tomorrow.io/ |
| Careers | Careers page |
Locations
HaArba'a St 21, Tel Aviv-Yafo, Israel
83 Clemenceau Ave, Singapore 239920
5541 Central Ave #170, Boulder, CO 80301, USA
9 Channel Center St, Boston, MA 02210, USA
Photos & Videos
1 item(s)
Tomorrow.io Business
Business models
B2B, B2G
Product stage
Released
Employees
201-500
Sector
Climate TechCarbon TechCarbon Analytics, Earth Data & FintechBusiness SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportTarget Customer
Media & EntertainmentEventsSportsAgriculture & FoodCropsTransportation & LogisticsLogisticsMaritimePostal & CourierWarehousesTransportation InfrastructureRoad & RailPorts & HarborsAirportsFinancial ServicesFinancial ProductsInsuranceEnergy, Utilities & Waste ManagementRenewable Energy SystemsWaterSolarWindFossil FuelsOilGasCommerce & RetailDistribution ChannelsHealthcare & Life SciencesHealthcareIndustrial ManufacturingDiscrete IndustriesAutomotiveGovernment & CityMunicipalitiesReal Estate & ConstructionConstructionCore Technology
Artificial IntelligenceMachine LearningPlatforms & InterfacesWebAPITags (8)
data-miningclimate-techminingbig-data-analyticsspace-tech3d-printed-electronicsweather-forecastmeteorologyGeographic Markets
GlobalTomorrow.io Financials
$281M
Total funding
Undisclosed
Capital raised
$22M
Last funding
E
Funding stage
8
Total rounds
23
Investors
Cumulative Funding Raised Over Time ($)
$7.0MApr 2019
$30.0MJul 2020
$117.0MJun 2023
$194.0MMar 2021
$199.0MMay 2017
$214.0MNov 2017
$259.0MOct 2018
$281.0MSep 2023
Private Equity Funding
E Round
Sep 2023
$22M
SDF (Strategic Development Fund), MoreTech Ventures, Lumir Ventures, Shavit Capital Fund
E Round
Jun 2023
$87M
Activate Capital Partners (Lead)
,
Seraphim Space, Clearvision Ventures, Shavit Capital Fund, Canaan Partners Israel, JetBlue Ventures, RTX Ventures, Jibe Ventures, Pitango Growth, Square Peg, SK Ventures, Lumir Ventures
D Round
Mar 2021
$77M
Pitango Growth, Stonecourt Capital, Highland Capital Partners
C Round
Jul 2020
$23M
Pitango Growth (Lead), Square Peg (Lead)
,
Jibe Ventures
Undisclosed Round
Apr 2019
$7M
Softbank Energy
B Round
Oct 2018
$45M
Clearvision Ventures (Lead)
,
Envision Ventures, Square Peg, Canaan Partners Israel, Fontinalis Partners, National Grid Partners, Ford Motor
A Round
Nov 2017
$15M
Fontinalis Partners, PLUS Ventures
Seed
May 2017
$5M
Ratan Tata
Tomorrow.io Lifecycle
Cumulative Funding Raised Over Time
$7.0MApr 2019
$30.0MJul 2020
$117.0MJun 2023
$194.0MMar 2021
$199.0MMay 2017
$214.0MNov 2017
$259.0MOct 2018
$281.0MSep 2023
All Events
E Round
Sep 2023
$22M
SDF (Strategic Development Fund), MoreTech Ventures, Lumir Ventures, Shavit Capital Fund
E Round
Jun 2023
$87M
Activate Capital Partners (Lead)
,
Seraphim Space, Clearvision Ventures, Shavit Capital Fund, Canaan Partners Israel, JetBlue Ventures, RTX Ventures, Jibe Ventures, Pitango Growth, Square Peg, SK Ventures, Lumir Ventures
D Round
Mar 2021
$77M
Pitango Growth, Stonecourt Capital, Highland Capital Partners
C Round
Jul 2020
$23M
Pitango Growth (Lead), Square Peg (Lead)
,
Jibe Ventures
Undisclosed Round
Apr 2019
$7M
Softbank Energy
B Round
Oct 2018
$45M
Clearvision Ventures (Lead)
,
Envision Ventures, Square Peg, Canaan Partners Israel, Fontinalis Partners, National Grid Partners, Ford Motor
A Round
Nov 2017
$15M
Fontinalis Partners, PLUS Ventures
Seed
May 2017
$5M
Ratan Tata
Tomorrow.io News
7 articles
growth-positive
Tomorrow.io raises $87 million for weather satellite constellation
Tomorrow.io, a weather data company, raised $87 million in a Series E funding round to support its campaign to gather weather and climate data. The funding round was led by Activate Capital and included participation from RTX Ventures, Seraphim Space, Chemonics, and existing investors. Tomorrow.io recently launched its second satellite, R-2, and plans to share radar data from its satellites in the future. The company has also received contracts from the Defense Department and the U.S. Space Force for weather satellites. Tomorrow.ios previous funding round was completed in 2021 when the company was known as ClimaCell.
Investment
growth-positive
אחרי גיוס של 250 מיליון דולר: TomorrowIO עדיין...
TomorrowIO, formerly known as ClimaCell, is a weather forecasting company that has been in operation for seven years. The company initially focused on using cellular networks to predict weather patterns, but this technology was eventually abandoned due to difficulties in accessing cellular companies. The company then shifted its focus to big data, claiming that its algorithms could provide more accurate forecasts than any competitor or government agency. In 2021, the company rebranded to TomorrowIO and announced a new direction: weather prediction satellites. The company raised $77 million in a Series C funding round and signed a $19.3 million contract with the US Air Force to develop and deploy its weather satellite array.
Investment
growth-positive
Tomorrow.io's Historic Satellite Launch Paves Way for Groundbreaking Advancement in Global Weather Forecasting
The Tomorrow Companies Inc. has announced the successful on-orbit operation of its first satellite, Tomorrow-R1. The satellite, launched on April 14th, is the worlds first commercially built weather-radar satellite. It is part of the Tomorrow.io constellation of active and passive sensors, which aims to achieve breakthroughs in global weather forecasting and climate observation. The satellite is equipped with a Ka-band radar for detecting precipitation and critical ocean parameters. The company plans to deploy more satellites to create a network for weather sensing from space. The launch of Tomorrow-R1 marks a step change in the price-to-performance ratio for atmospheric radars in space. The company has already received contracts from the DOD and is collaborating with NOAA. The satellite data is being integrated into Tomorrow.ios weather intelligence platform.
PartnersInvestment
growth-positive
Weather security platform Tomorrow.io to go public in $1.2 billion SPAC deal
Weather and security platform Tomorrow.io will go public through a merger with special purpose acquisition company Pine Technology Acquisition Corp, in a deal worth nearly $1.2 billion. The merger is expected to close in the first half of 2022 and will bring in up to $420 million in proceeds for Tomorrow.io. The funds will be used to invest in the companys platform, launch radar-equipped satellites, and for strategic mergers and acquisitions. Tomorrow.io provides real-time accurate weather information and actionable recommendations to clients, including JetBlue Airways and Uber Technologies. The company has raised $185 million to date and has secured a $75 million private investment in public equity (PIPE) from various investors. The merger will allow Tomorrow.io to list on Nasdaq under the symbol TMW.
Public TradingInvestment
growth-positive
"We like to call ourselves the Space X of weather-tech"
Tomorrow.io, a weather-tech company, plans to launch its own satellite constellation and become the SpaceX of weather-tech. The company sells a weather-intelligence platform that provides real-time weather forecasts and recommended actions for specific clients. Tomorrow.io aims to rely on its own technology rather than government agencies for weather sensing and processing. The CEO emphasized the importance of innovation and the companys ability to innovate at a faster pace. The article includes an interview with Tomorrow.ios CEO at the Mind the Tech New York 2021 conference.
Expand
growth-positive
Weather platform ClimaCell is now Tomorrow.io and raises $77M
Weather intelligence platform ClimaCell has raised a $77 million Series D funding round led by Stonecourt Capital and Highline Capital, bringing its total funding to about $185 million. The company also announced that it has changed its name to Tomorrow.io. The announcement comes a month after the company announced plans to launch a fleet of small radar-equipped weather satellites to improve its weather monitoring and forecasting capabilities. Despite many of its customers seeing a decline in business during the pandemic, Tomorrow.io managed to diversify its customer base and saw a 200% net revenue retention rate and its annual contract value grew 850% over the past two years.
InvestmentCustomersExpand
growth-positive
Tomorrow.io Accelerates Growth With $23M Series C Funding Led by Pitango Growth and Square Peg Capital
Tomorrow.io, the weather intelligence platform, has raised $23M in a Series C funding round led by Pitango Growth and Square Peg Capital. The funding brings Tomorrow.ios total funding to over $100M. The company offers enterprise-grade technology and SaaS products that help customers save costs and improve operational efficiency by providing automated and predictive weather impact technologies. Tomorrow.io has seen rapid growth and has customers such as Uber, Delta, Ford, and more. The funding will be used to accelerate strategic initiatives. Tomorrow.io was recently ranked as having the number one global weather API for businesses. The company aims to revolutionize the weather industry and capitalize on opportunities in various sectors.
Investment
Tomorrow.io Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 215 |
| Team members | 4 |
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Tomorrow.io Internal
Recent Updates
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Admin Info
| Confidence | 93/100 |
| Missing | markets, not claimed |
| BI Verification | Maor Perlov |
| Registrar ID | 515903235 |
| Creator | Maor Perlov |
| Creator email | maor.perlov@sncentral.org |
| Last updater | Dana Arnon |
| Updater email | dana.arnon@mail.huji.ac.il |
| Last update | 2023-09-19T00:00:00.000Z |
| Created | 2023-03-12T00:00:00.000Z |