"What we're out to do is fundamentally change that landscape, and fill in all of these significant gaps that exist," he said, rather than aggregate existing data streams like many companies are currently doing.The treatment of interfering motion contributions remains one of the key challenges in the domain of radar-based vital sign monitoring. What they're saying: Goode told Axios that Climavision's observational data will set it apart from the competition. Yes, but: Climavision joins a crowded field of firms vying to help manage escalating weather and climate risks, from well-established and deep pocketed players like IBM (which owns The Weather Company) to expanding upstarts such as Tomorrow.io (formerly known as ClimaCell). The Rise Fund has also invested in C3.ai, a big data aggregation and analytics platform, and CLEAResult, an energy efficiency provider.“The Rise Fund understands the need and urgency to invest in technologies that will empower businesses and governments to navigate increasingly dynamic weather patterns, particularly as the world economy endures the inevitable challenges associated with climate change," Goode stated in the release.According to a press release, fund managers view backing Climavision as a way to manage the increased risks from climate change-induced extreme weather.
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Most of Climavision's peers have raised Series A rounds in the $10 to $30 million range. The funding is unusually high for a company at such an early stage. The intrigue: The $100 million in funding for Climavision comes from TPG's global impact investing arm, known as The Rise Fund, which boasts $5 billion in assets under management. That company's satellites work to measure conditions in the upper atmosphere.
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