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The Finnish startup Skyfora is revolutionizing weather forecasting with AI-based technology, using telecommunications towers as high-resolution climate sensors.
Skyfora, a leader in AI-based weather technology, has secured 4 million euros in a funding round led by Ugly Duckling Ventures and LUMO Labs, with support from Voima Ventures and the EIC Fund. This capital injection adds to the recent funding received from the European Space Agency (ESA), the EIC Accelerator, and Business Finland, solidifying the company’s mission to transform global weather forecasting.
Transforming telecommunications towers into climate sensors
The key to Skyfora’s success lies in its innovative Meteorology Telecom GNSS solution, which allows telecommunications towers to be converted into high-resolution weather sensors. This technology provides a massive amount of real-time private climate data, significantly improving the accuracy of AI-based weather models and surpassing traditional numerical approaches.
Moreover, this solution opens up new revenue opportunities for mobile network operators (MNOs), enabling them to monetize their existing infrastructure without the need to invest in additional hardware.
The importance of weather accuracy in a climate-affected world
The impact of this innovation extends beyond the technology sector. According to Fredrik Borgström, CEO of Skyfora, the increase in extreme weather events due to climate change makes accurate predictions more crucial than ever.
“Our technology fills critical gaps in weather observation and provides a continuous stream of high-resolution data, which is a ‘superfood’ for AI models, while also allowing telecommunications operators to monetize their infrastructure in a completely new way.” – Fredrik Borgström, CEO of Skyfora.
Access to more accurate predictions benefits multiple sectors such as disaster management, insurance, aviation, renewable energy, and agriculture.
An innovative funding model and support from key investors
The investment from the EIC Fund reflects its belief in Skyfora’s ability to save lives and reduce financial risks associated with severe weather events.
“We are delighted to invest in Skyfora, an innovative company that is developing next-generation weather intelligence. Its technology can mitigate economic disruptions and enhance global climate resilience.” – Svetoslava Georgieva, Chair of the EIC Fund Board.
From the venture capital sector, Ugly Duckling Ventures and LUMO Labs highlight the value of Skyfora’s weather data in a world increasingly reliant on AI for decision-making.
“The future of AI depends on the quality and access to first-hand data. Skyfora’s ability to generate unique, high-value data positions it as a strategic investment.” – Andreas Green Rasmussen, General Partner at Ugly Duckling Ventures.
“Skyfora’s ability to provide critical weather data aligns perfectly with our focus on climate action and sustainable cities.” – Linn-Cecilie Linnemann, Partner at LUMO Labs.
Conclusion: Skyfora at the forefront of smart meteorology
Skyfora is redefining weather forecasting with its unique combination of AI and telecommunications networks, enabling more precise and accessible predictions worldwide. With this new round of funding, the company will accelerate the expansion of its technology into key markets, solidifying its role as a leader in next-generation meteorology.
via: skyfora