Skyfora has secured €4 million in funding to advance its AI-driven weather technology, enhancing cell towers into high-resolution weather sensors for improved forecasting and new revenue opportunities for mobile network operators.

Information on the Target

Skyfora is an innovative company at the forefront of AI-powered weather technology. The company has recently secured €4 million in funding, led by Danish firm Ugly Duckling Ventures and Dutch investment group LUMO Labs, with additional participation from Voima Ventures and the EIC Fund. This investment marks a significant milestone in Skyfora's mission to transform global weather forecasting and addresses increasing demands for accurate weather data amid rising climate-related challenges.

Skyfora’s flagship product, the Telecom GNSS Meteorology solution, effectively converts existing cell towers into high-resolution weather sensors. This groundbreaking technology enhances the precision of AI-driven weather forecasts, surpassing conventional numerical models. Furthermore, it allows mobile network operators to tap into an innovative revenue stream while utilizing their existing infrastructure without additional hardware costs.

Industry Overview

The importance of accurate weather forecasting has grown exponentially as extreme weather events linked to climate change become more frequent. With rising temperatures and unpredictable weather patterns affecting various