Skyfora, a Helsinki-based company specializing in AI-driven weather technology, has raised €4M in a recent funding round led by Ugly Duckling Ventures and LUMO Labs. The financing will enable Skyfora to expand its Telecom GNSS Meteorology solution that repurposes cell towers into weather sensors for more accurate forecasting. As climate-related challenges escalate, their technology seeks to bridge observation gaps and provide vital data for climate resilience. The company aims to scale operations and penetrate new markets while leveraging previous investments and collaborations.
Skyfora's ability to provide critical weather data is a perfect fit with LUMO Labs' focus on climate action and sustainable cities. As climate change intensifies, reliable weather intelligence becomes increasingly crucial for urban resilience.
Skyfora's use of first-party data and AI-driven approach align perfectly with our investment strategy. By harnessing existing telecom networks to generate exponentially more atmospheric data, they are unlocking new possibilities in climate technology-making this a truly compelling opportunity.
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