Understory, a Boston, MA-based provider of weather sensor hardware and data networks, closed a $1.9m seed funding.
The round was led by True Ventures with participation from RRE Ventures, Vegas Tech Fund, SK Ventures and Andrew C. Payne.
The company intends to use the funds to manufacture and deploy its sensors at a scale and implement the deployment of its network of patent-pending weather stations across the Kansas City, MO metropolitan area (with American Family Insurance as a customer). After spending a year at Boston-based hardware-focused seed fund Bolt, Understory is now recruiting data scientists, back-end software developers, product managers and electrical engineers.
Founded in 2012 by Alex Kubicek and Bryan Dow, Understory is a weather data company that provides dense surface observations generated by proprietary weather stations. This weather data has applications across a variety of markets, including broadcasting, insurance, agriculture, forecasting and risk mitigation. The information collected by the company is analyzed and processed to create real-time datasets, views and actionable information from historical, current and forecasted weather events to provide better insight and early detection of risks.
FinSMEs
30/04/2014