Meteomatics
Assembly Line
Lockheed Martin Ventures Makes Strategic Investment in Meteomatics
Meteomatics, the weather intelligence and technology company that enables the world’s leading companies to accurately forecast the weather’s impact on business, today announced the close of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation (NYSE: LMT), a global security and aerospace company.
Meteomatics will use the investment to scale its high-resolution weather and climate technology and expand into new markets and industries, further propelling its mission to revolutionize weather forecasting.
Meteomatics is the only company that runs a weather model with a resolution of 1 km, or down to street level, updating every hour with the latest weather data and observations. Visibility at this level allows the company to identify even the smallest meteorological phenomena such as thunder, hail, wind and other storms. This is in contrast with current government and commercial weather observation technology that run at resolutions of 10-50 km and are updated only 3-4 times a day, lacking the data to effectively detect and forecast weather events in the low-level airspace.