PlanetiQ Secures $18.7 Million Series B Financing Round Co-Led by New Science Ventures, AV8 Ventures

DENVER, Colorado (July 9, 2019) — PlanetiQ, the high-definition satellite-based weather forecasting and analytics company, today announced it has completed an $18.7 million Series B round of financing.

New Science Ventures and AV8 Ventures co-led the investment round with participation from existing and new investors, Valo Ventures, Kodem Growth Partners, Access Venture Partners, Virginia Tech Carilion Innovation Fund, Hemisphere Ventures, Service Provider Capital, Earth Investments, Moonshots Capital, and a large Kansas City-based family office that wishes to remain anonymous.

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NOAA Continues Push Toward Innovative Partnerships with Second Round of Commercial Weather Data Pilot

Radio occultation helps to increase the accuracy of weather prediction models by measuring the refraction of radio signals beamed through Earth’s atmosphere. (Credit; NOAA)

WASHINGTON, DC (NASA PR) — NESDIS has awarded contracts to three satellite companies as part of the Commercial Weather Data Pilot (CWDP) Round Two.

Awardees Spire, GeoOptics, and PlanetIQ will each provide space-based radio occultation data to NOAA for the purpose of demonstrating data quality and potential value to NOAA’s weather forecasts and warnings.

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PlanetiQ to Launch on India’s PSLV Rocket

Credit: PlanetiQ
Credit: PlanetiQ

BOULDER, Colo., Dec. 3, 2015 (PlanetiQ PR) — PlanetiQ has signed a contract with Antrix Corporation Limited, the commercial arm of the Indian Space Research Organization (ISRO), for the launch of PlanetiQ’s first two weather satellites on a Polar Satellite Launch Vehicle (PSLV) during the fourth quarter of 2016. Ten more satellites are planned for launch in 2017 to complete an initial set of 12 satellites that will dramatically improve global weather forecasting, climate monitoring and space weather prediction, and enable advanced analytics for numerous industries worldwide.

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PlanetiQ Opens Science and Engineering Facility in Boulder

PlanetiQ_logoBOULDER, Colo. and BETHESDA, Md., Aug. 24, 2015 (PlanetiQ PR) — PlanetiQ announced today the opening of its new science and engineering facility in Boulder, Colorado. The facility includes a laboratory clean room where PlanetiQ will complete the development and manufacture of its first 12 Pyxis-RO™ flight instruments for the world’s first commercial satellite constellation exclusively focused on weather, climate and space weather.

The facility is co-located with Blue Canyon Technologies, which is already working collaboratively with PlanetiQ to develop the initial set of 12 microsatellites scheduled for launch in late 2016 and 2017. Development and testing of the first two Pyxis-RO sensors has been underway since last spring.

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PlanetiQ Selects Blue Canyon Technologies to Build Weather Constellation

Credit: PlanetiQ
Credit: PlanetiQ

BETHESDA, Md. and BOULDER, Colo., June 24, 2015 (PlanetiQ/Blue Canyon PR) — PlanetiQ announced today that it has selected Blue Canyon Technologies (BCT) out of Boulder, Colo., to build its revolutionary weather satellite constellation launching in 2016 and 2017. PlanetiQ chose BCT as a partner in developing the world’s first commercial constellation dedicated to weather, climate and space weather based on BCT’s development track record and its cutting-edge, low-cost design approach that has delivered hundreds of components and systems for numerous space missions.

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PlanetiQ Plans First Commercial Weather Satellite Constellation

PlanetiQ_logoA Maryland-based company named PlanetiQ is planning to launch a constellation of up to 18 small satellites over the next four years that are designed to significantly improve weather forecasting, climate monitoring and space weather predictions with up-to-date data.

Each satellite will include a fourth-generation radio occultation sensor that will receive signals from all four Global Navigation Satellite Systems–GPS, GLONASS, Galileo and Beidou. Data will be collected and transmitted to users in near real time, PlanetiQ General Counsel Karen Dacres, PlanetiQ’s said during the FAA’s 18th Annual Commercial Space Transportation Conference on Wednesday.

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