Understory, the developer of the next-generation of weather sensor hardware and hyper-local data networks, announced today that it has received $7.5 million in Series A funding led by 4490 Ventures, an early stage venture fund based in Madison, Wisconsin, and Monsanto Growth Ventures, the venture capital arm of Monsanto, a Fortune 500 sustainable agriculture company. Understory will be relocating its headquarters to Madison, Wisconsin, while maintaining an ongoing and significant presence in Boston.
Earlier investors also contributed to the round, including True Ventures, RRE Ventures, and SK Ventures. Another Wisconsin-based firm, CSA Partners, also joined the round as a new investor. As part of True Ventures’ ongoing support, Puneet Argarwal, will join the Understory Board of Directors. 4490 Ventures Managing Director, Greg Robinson, will also be joining the board.
The Understory weather-sensing networks are currently deployed in Kansas City, Boston, and Dallas. Additional cities will be announced in the near term. The networks have already demonstrated a high level of performance having tracked several major storm systems- where they detected tornadoes, strong wind events, and hail on a hyper-local level. Understory plans on deploying their network in more cities in 2016. Read the full WisBusiness.com story here.
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