Weather network and data business Understory has raised $7.5m in a funding round led by 4490 Ventures.
Understory processes data from forecasted weather events to provide insights to a number of markets including broadcasting, agriculture, forecasting, and risk mitigation. The company’s monitoring networks and analytics can also be used to predict weather-related damage at specific addresses to support insurance claims.
Understory has deployed over 500 stations in the US and plans to expand to 5,000 sensors by the end of 2019. Understory recently expanded into South America through its partnership with agricultural business Bayer.
DC-based investment firm Revolution have also backed the business through its Rise of the Rest Seed Fund. The company has planned to use the fund to expand its presence in the international agriculture market.
“This funding represents another step forward towards realizing our goal of disrupting the status quo when it comes to weather analysis,” said Understory co-founder and CEO of Alex Kubicek
“It has taken a number of years and a lot of dedication from our team, but Understory is now positioned to truly enable a fundamental shift in how the insurance and agriculture industries utilize data to make informed weather-related decisions.”
4490 Ventures has previously backed regulatory reporting platform SA Ignite and medical payments business SwervePay.
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