Lockheed Martin Ventures, the venture arm of the global security and aerospace company, has made a strategic investment in Meteomatics. The funds will enable the St. Gallen-based company to scale its high-resolution weather and climate technology and expand into new markets and industries.
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. With its revolutionary weather forecasting approach, Metomatics 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 is in contrast 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 effectively detect and forecast weather events in low-level airspace.
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 businesses unparalleled accuracy for hyperlocal weather impacts.
Meteomatics’ new investor, Lockheed Martin Ventures, makes strategic investments in companies that are developing cutting-edge technologies in core businesses and new markets important to Lockheed Martin. The funds enable Meteomatics to bring its services to industries including energy, aviation, insurance, defence, and governments and enter new markets.
“Meteomatics’ weather intelligence has the potential to give the U.S. and its allies a better understanding of the dynamic environments in which assets and personnel operate, both improving operational effectiveness and reducing risk”, said Chris Moran, vice president and general manager of Lockheed Martin Ventures.
Currently, Meteomatics is based in St. Gallen, Switzerland, with local operations in Germany, Spain, the UK and, most recently, the U.S. The company launched operations in the U.S. in 2023 with the country’s first Meteodrone at GrandSky Aviation Park’s Weather Operations Center.
(Press release/RAN)
Image: Meteomatics
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