Skyfora raises €6.5M to turn telecom networks into real-time weather sensors for AI forecasting
Skyfora, the Finnish weather data company building a new global data layer for weather and AI, has raised **€6.5 million** to transform telecom infrastructure into a real-time atmospheric sensing network. The funding comes as demand for high-resolution weather data surges, driven by AI forecasting models, climate volatility, and the growing need for weather resilient operations.
The round includes equity participation from Eviny Ventures, Ugly Duckling Ventures, Lumo Labs and the European Innovation Council (EIC) Fund, alongside non-dilutive funding from Business Finland.
The new capital will be used to accelerate the commercial scale-up of Skyfora's software platform and atmospheric data products, expand partnerships with telecom operators, forecasting providers, meteorological institutions and weather-affected industries, and grow the team. The primary focus is on scaling deployment and market adoption: bringing Skyfora's real-time data, API and atmospheric intelligence dashboard to market.
Skyfora's technology transforms existing telecom infrastructure, cell towers and base stations, into a real-time atmospheric sensor network, delivering high-resolution weather data at the scale and frequency required by next-generation AI weather models and short-term forecasting. The company is actively working to deploy datasets and customer opportunities across several countries in Europe, USA, Africa and Middle East.
For telecom operators, Skyfora transforms existing infrastructure into a new source of value through a software-only solution that requires no additional hardware investment, unlocking untapped value from existing assets while enabling new revenue streams, improving resilience to extreme weather, and strengthening ESG and brand leadership as operators of critical national weather observation networks.
"We're turning existing mobile networks into the data layer for next-generation weather forecasting and climate intelligence. With this funding, we're scaling a global, telecom-powered sensing network to meet accelerating demand from AI-driven forecasting platforms and weather-affected industries unlocking the high-density data needed to operate in an increasingly volatile climate."
— Fredrik Borgström, CEO of Skyfora
Measuring the atmosphere at global scale
Skyfora's core technology uses GNSS receivers already installed in telecom networks, complemented by StreamGNSS hardware where telecom GNSS is not available, to measure atmospheric humidity with high precision and frequency. The GNSS signal delays are processed into real-time weather data streams that power next-generation AI weather models and forecasting systems, enabling more accurate, earlier, and hyperlocal predictions.
The company's approach addresses a structural bottleneck in weather forecasting: most of the world's atmosphere remains underobserved, and existing observation infrastructure cannot provide the data coverage and resolution required by modern AI models. Skyfora's solution scales using existing infrastructure, requiring no new hardware at telecom sites.
Skyfora operates active deployments across multiple countries, working with telecom operators, meteorological institutions, forecasting partners and weather-affected industries to build out real-time atmospheric sensing on a global scale.
Eviny joins as a strategic investor
Eviny Ventures, the corporate venture arm of Eviny, one of Norway's largest producers and distributors of renewable energy, joins the round as a strategic investor. The investment underscores the growing importance of high-resolution atmospheric data for modern energy system operations.
For operators of hydro, wind and solar assets, short-range forecast accuracy directly impacts balancing costs, grid reliability, power trading and production yield. With more than 9 TWh of annual generation and one of Norway's largest regional distribution grids, Eviny is well positioned to capture the operational value of Skyfora's high-frequency, sub-kilometre atmospheric intelligence — from hydropower scheduling and flood forecasting to broader energy-market decision-making across the group.
"Fredrik and the team at Skyfora turn weather data into something the energy system can actually act on. Skyfora addresses a real operational problem for the Eviny group, and that's the starting point for every investment we make."
— Lars Jacob Sjaastad, Investment Manager at Eviny Ventures
Ugly Duckling Ventures backs Skyfora's commercial expansion
Ugly Duckling Ventures, the Copenhagen-based venture capital firm and an existing Skyfora investor, continues its support of the company as it enters its next phase of commercial growth. Ugly Duckling Ventures brings hands-on operational experience and a track record of backing Nordic technology companies through the transition from early traction to commercial scale.
"When we first invested in Skyfora, there was a technical risk in the feasibility of rolling it out in the eco-system. With the technical risk significantly reduced, the opportunity now lies in commercialising a truly unique atmospheric data platform. We are proud to lead this round and support Skyfora as it scales globally and brings a new generation of weather intelligence to customers across industries."
— Andreas Green Rasmussen, GP at Ugly Duckling Ventures
Continued commitment from Lumo Labs
Lumo Labs, the venture capital firm, continues its support of Skyfora following its participation in the company's earlier funding. Lumo Labs focuses on technology companies building infrastructure and solutions with high long-term impact across climate, data and connectivity.
"At LUMO Labs, we invest where AI meets real-world impact. Right now, in climate the biggest real-world impact will come from better data. Having worked closely with Fredrik and the Skyfora team over the past 1.5 years, we've been consistently impressed by their depth, execution, and long-term vision. They are building a unique advantage through proprietary atmospheric data and are on a path to secure the world's largest real-time GNSS weather data assets. That's where the real value, and defensibility will be created."
— Linn-Cecilie Linnemann, Partner at Lumo Labs
About Skyfora
Skyfora, a company dedicated to pushing the boundaries of meteorological innovation, transforms the future of meteorology with unique, high-resolution weather data. Skyfora's patented solutions extract atmospheric data from GNSS receivers in existing infrastructures like telecom networks, unlocking previously untapped data sources to power the next generation of AI weather models. By delivering a continuous flow of high-resolution weather intelligence, Skyfora boosts AI forecasts enhancing climate resilience and supporting critical decision-making across weather-sensitive industries. With a clear focus on data, Skyfora is redefining what's possible in weather forecasting on a global scale.
About Eviny
Eviny is one of Norway's largest renewable energy and infrastructure companies, headquartered in Bergen. With over 100 years of history in hydropower, the company operates 39 hydropower plants and two wind farms, producing approximately 9 TWh annually — around 5% of Norway's total electricity output. Eviny also operates one of Scandinavia's largest EV rapid-charging networks and is active across grid services, fibre broadband, district heating and maritime electrification.
Owned by Statkraft and 17 municipalities across Western Norway, Eviny combines stable public ownership with an ambitious long-term industrial strategy. The company's investment in Skyfora reflects its commitment to integrating advanced data and technology into the future of renewable energy operations.
About Ugly Duckling Ventures
Ugly Duckling Ventures is a Copenhagen-based venture capital firm backing early-stage technology companies in the Nordic region. The firm focuses on B2B software and technology businesses across medtech, resilience tech and business services, and takes a hands-on approach with portfolio companies, offering operational expertise alongside capital.
About Lumo Labs
Lumo Labs is an European venture capital firm backing deep tech companies using emerging technology to solve real life problems for the climate, sustainable cities, health and education. LUMO Fund is a multi-stage (Pre-Seed to Series A) impact-driven venture capital fund, with a proprietary startup coaching program for purpose-driven founders, who seek to bring technological innovations to the market to help solve social and environmental challenges.
LUMO Labs VC invests in scalable startups using disruptive technologies such as Artificial Intelligence & Data, Blockchain, Internet of Things, Digital Security, and Extended Realities (AR/VR), contributing to one of the following SDGs: Health & Wellbeing, Quality Education, Sustainable Cities & Communities, and Climate Action.
About EIC Fund
The European Innovation Council Fund from the European Commission is a deep tech investor across all technologies. The EIC Fund aims to fill a critical financing gap, to support companies in the development and commercialisation of disruptive technologies. With its large network of capital providers and strategic partners it shares risk and crowds in market players.