Salient Predictions, a Boston-based technology company that creates subseasonal-to-seasonal (S2S) weather forecasts and analytics, has raised $5.4m in a seed round.
The round was led by Wireframe Ventures. Participating investors also included Munich Re Ventures, Powerhouse Ventures, Endeavor8, First Star Ventures, and Blindspot Ventures.
Salient combines novel ocean and land-surface data with machine learning and climate expertise to deliver the world’s most accurate S2S weather forecasts from two to 52 weeks in advance.
The company said its core technology evolved from decades of research at Woods Hole Oceanographic Institution and MIT, led by co-founder and president, Ray Schmitt.
From finance and insurance to energy, agriculture and beyond, weather has a profound effect on an organisation’s ability to operate and deliver for its customers and stakeholders. Salient said that unlike other forecasting technologies, it provides insights and analysis on the kind of timescales that matter to business, from weeks to months and even seasons in advance. This knowledge helps Salient’s customers optimise performance, mitigate risk, improve resiliency, and plan initiatives with greater confidence.
Matt Stein, CEO of Salient, said, “We are thrilled to have won the confidence of these important investment partners as we continue to scale Salient’s long-range forecasting and analytics platform.
“We look forward to making even greater investments in our people and our technology, which have been the key drivers of our success and what allows us to serve clients in a broad range of industries as they better prepare for the risks of climate change.”
Sensible Weather, a climate risk technology company, recently raised $12m in Series A funding.
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