Lockheed Martin Ventures invests in weather intelligence leader Meteomatics

06.02.2024 14:50, Rita Longobardi

Meteomatics, a prominent weather intelligence and technology firm empowering top-tier companies with precise weather forecasts for informed business decisions, has secured strategic funding from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation. This investment represents a key result for Meteomatics, reinforcing its position as a key player in delivering impactful weather insights for businesses worldwide.

More than 450 companies, including CVS Health, Tesla, Swiss Re, Airbus, Toyota, Volkswagen and EDF Energy, rely on Meteomatics for weather data that can significantly impact everything from energy savings, logistics and process automation to risk management and product design. Meteomatics is the only company that runs a weather model with a resolution of 1 km, or down to street level, updating every hour with the latest weather data and observations. Visibility at this level allows the company to identify even the smallest meteorological phenomena such as thunder, hail, wind and other storms. This contrasts with current government and commercial weather observation technology that run at resolutions of 10-50 km and are updated only 3-4 times a day, lacking the data to detect and forecast weather events in low-level airspace effectively.

To provide weather forecasting in the mid and lower atmosphere at this degree of precision, Meteomatics collects weather data using its Meteodrones, weather drones capable of flying up to 6 km (20 '000 feet). By combining its high-resolution weather models with data collected by its Meteodrones and 110 other sources, the company delivers unparalleled accuracy for hyperlocal weather impacts.

Meteomatics will use the investment to scale its high-resolution weather and climate technology and expand into new markets and industries, further propelling its mission to revolutionize weather forecasting.

Meteomatics was ranked among the TOP 100 Swiss Startups in 2015.


Meteomatics' team: Martin Fengler (CEO & Co-Founder), Christian Schluchter (CTO), Melanie Luther (Head of Sales), and Lukas Hammerschmidt (Chief Drone Officer).