Understory, the weather network and analytics company, today announced that is has closed a $5.25 million Series B funding round led by True Ventures with participation from 4490 Ventures and Revolution’s Rise of the Rest Seed Fund.
“Our commitment to disrupt outdated methods for dynamic weather analysis is the primary focus for this next stage of growth,” said Alex Kubicek, Co-founder and CEO of Understory. “We are excited to work with our investors who are supporting our mission of creating a higher standard for hyperlocal weather monitoring.”
On the heels of a $7.5 million 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. The new capital will also be allocated to increase the company’s employee headcount and to expand into a new headquarters facility to sustain Understory’s growth as the company scales globally.
“Understory is fundamentally transforming how weather data infrastructure will be used across the globe,” said Puneet Agarwal, Partner at True Ventures. “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.” Read the full story here.
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