Partnership will Accelerate Growth of Newly Launched High-Resolution Weather Solutions Platform, Filling Critical Coverage Gaps in Existing Radar Networks
SAN FRANCISCO & FORT WORTH, Texas & LOUISVILLE, Ky.–(Rise Fund/Climavision PR)–The Rise Fund, TPG’s global impact investing platform, today announced a $100 million strategic investment in Climavision, a pioneering weather services and intelligence platform powered by a private network of high-resolution radars, GPS-RO data, and proprietary software to vastly improve the timing and accuracy of weather forecasting and to fill low-level gaps in existing weather surveillance.
Climavision was formed out of Enterprise Electronics Corporation (EEC), the world’s largest privately held commercial supplier of weather radar systems. EEC, which is majority controlled by the Cookes family, has a 50-year history and more than 1,200 installations across 95 countries. By combining lower altitude, proprietary data with cutting-edge machine learning and AI technology, Climavision’s one-of-a-kind offering provides 10x higher resolution and more accurate forecasting to address critical coverage gaps left by existing radar networks across the U.S.(more…)