New funding has led the Climate Corporation to plan a large expansion in its office and research staff. The company analyzes weather measurements from over 2 million locations and forecasts each day for its weather insurance program to protect farmers from climate change conditions. The Founder’s Fund led the way in $110 million of new funding along with previous investors Kholsa Ventures, Google Ventures, NEA, Index Ventures, Atomico, Glynn Capital, and Western Technology Investment. The hiring spree will include quantitative researchers, data scientists, and software engineers.
Source: John Cook, GeekWire, June 14, 2012.