Funding and Acquisitions Roundup: GeoMetWatch lands $6M for development and deployment of its space-based advanced weather measurement system
By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
GeoMetWatch, which has developed a system that piggybacks on existing communications satellites to better measure weather, has raised $6 million in Series A funding. The Las Vegas-based company has developed sensors— built by the Utah State University Advanced Weather Systems Laboratory—that essentially stick on to satellites and scan the earth for detailed atmospheric data. It is preparing to place six of the sensors into orbit starting in 2016.
Investors in the round haven’t yet been disclosed. The founding team includes CEO David Crain, who holds a doctorate in Space Sciences from the University of Texas, and president and COO Eugene P. Pache, a former Navy carrier pilot who has been in the aerospace industry for more than 28 years.
HQ: Las Vegas
Year Founded: 2008
Innovation: Advanced weather/environmental observation through utilizing communications satellites.
Funding: $6 million (Series A)
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