Understory Announces Series B
Weather network and analytics company Understory has announced a $5.25m Series B funding round led by True Ventures with participation from 4490 Ventures and Revolution’s Rise of the Rest Seed Fund.
On the heels of a $7.5m growth round in November 2018 and Understory’s recent expansion into South America, the funding investment supports the international expansion of the weather sensor network across multiple industries including agriculture, insurance, and air quality.
“Understory is fundamentally transforming how weather data infrastructure will be used across the globe. The on-the-ground insight of critical weather events is essential for innovative decision-making across a wide variety of industries. We look forward to witnessing Understory continue to remodel the accessibility and accuracy of real-time weather information on a global scale.” – Puneet Agarwal, Partner at True Ventures.
Understory’s weather stations funnel 125,000 measurements a second into an artificial intelligence (AI) core that measures precise hail, rainfall, temperature, humidity, wind and solar radiation, and air quality. The AI core analyzes the data to provide critical atmospheric, climate, and weather data to optimize decision-making across agriculture, insurance, government and environmental markets.
The Understory weather network has been used in several industries including in agriculture to determine irrigation and optimal harvest dates and times.