Louisville-based Climavision has been adding an array of radars to its inventory. On Wednesday, it announced the recent addition of a company by way of an acquisition, according to a news release.
The weather tech company that offers Radar-as-a-Service announced that it has acquired Fort Collins, Colorado-based Intersphere.
The company used proprietary AI models to provide weather and climate forecasts up to a year in advance. It specialized in what is known as subseasonal-to-seasonal (S2S) forecasting.
Terms of the deal were not disclosed. This marks the first acquisition for Climavision’s since its founding in 2020.
Intersphere’s main clients were in the energy, insurance and agricultural industries. Going forward, Climavision’s target audience will be the energy sector, according to the release, to give clients enough time to make both “strategic and tactical decisions.” This includes up to 90 days of notice for extreme weather events to prevent grid failures like the winter storms that shut down Texas’ grid in 2021, resulting in $195 billion in property damage and more than 200 deaths.
“We’re thrilled to welcome the Intersphere team, whose expertise in AI weather and climate
tech perfectly complements our mission,” said Climavision CEO Chris Goode in the release. “By seamlessly blending Climavision's unmatched expertise in numerical weather prediction with their cutting-edge generative AI technology, we are revolutionizing the landscape of weather forecasting. This dynamic synergy not only enhances precision and accuracy but also paves the way for unprecedented insights into our ever-changing climate.”
Going forward, Intersphere’s CEO, Ben Toms, will serve as Climamision’s vice president for AI weather modeling. The merger will result in Climavision having a headcount of more than 50 employees.
“The holy grail of weather and climate forecasting is understanding any possibility of what can happen as far in advance as possible,” Toms said in the release. “Partnering with Climavision gets us much closer to reaching that goal.”
In 2021, Climavision received $100 million investment from The Rise Fund, which has $18 billion in assets under management in companies across the globe, according to its website.
The company was last in the news in January when it announced the opening of a second X-band radar in Kentucky, this one being installed in Dry Ridge, in between Cincinnati and Lexington.
Its first radar in Kentucky came on board in Jamestown in October 2023. As of a recent date, the company has 26 “gap-filling” radars operating, many of which are located in the Southeast U.S..
I last sat down with Goode in January 2023 to talk about his company's growing aspirations, both in the U.S. and overseas.
