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tomorrow.io
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Developer of a technology that generates weather forecasts to predict the business impact of weather and improve operational efficiency

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group resources & environmental management

Sector climate risk & resilience

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Boston, MA Boston, United States
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Updated by Cleantech Group on 03/24/2022

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Date Partner Type
01/07/2020
Google Google
Partnership with Google Cloud to launch a new high-resolution forecasting model for India. The forecasts will be high resolution and serve as the foundation for other weather products from ClimaCell for predicting floods, air quality and more.
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IPO INFORMATION

Date

03/07/2022

IPO status

Withdrawn

IPO Type

SPAC

Amount

$1.2B

Initial shares

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Exchange listed

NASDAQ

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Description

The deal with special purpose acquisition company (SPAC) Pine Technology Acquisition Corp (PTOC.O), which is expected to close in the first half of 2022, will fetch up to $420 million in proceeds for Tomorrow.io. Proceeds will be invested in Tomorrow.io's platform, used to launch radar-equipped satellites and for some "strategic M&A", said Chief Executive Shimon Elkabetz.

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Date Investors Type Amount
03/30/2021 Stonecourt Capital Stonecourt Capital , Highland Capital Partners Highland Capital Partners (2)
Post-money valuation of
Funding comes a month after the company announced that it would launch a fleet of small radar-equipped weather satellites to improve its weather monitoring and forecasting capabilities.
 Growth Equity $77,000,000
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