Skyfora secures €4 Million to supercharge AI weather forecasts using Telecom GNSS Meteorology

Skyfora, a leader in AI-powered weather technology, has raised €4 million in a funding round led by Danish Ugly Duckling Ventures and Dutch LUMO Labs, with participation from Voima Ventures and the EIC Fund. This new equity investment builds on recent funding from the European Space Agency, EIC Accelerator, and Business Finland, further strengthening Skyfora's mission to revolutionize global weather forecasting.

The technology has now been successfully tested with various industry leaders. With this funding, the company will accelerate the deployment of its Telecom GNSS Meteorology solution on a larger scale with several partners and expand its footprint in key markets.

Skyfora's patented Telecom GNSS Meteorology solution transforms existing cell towers into high-resolution weather sensors, unlocking vast amounts of private weather data. This breakthrough not only enhances the accuracy of AI-driven weather forecasts, already surpassing traditional numerical models, but also provides a new revenue stream for mobile network operators (MNOs) — all without requiring additional hardware investments.

"As extreme weather events become more frequent due to climate change, precise forecasting is more critical than ever," says Fredrik Borgström, CEO of Skyfora. "Our technology fills critical observation gaps and it provides a continuous flow of high-resolution data, which is 'superfood' for AI models while enabling MNOs to monetize their infrastructure in a completely new way."

By providing real-time, large-scale weather insights, Skyfora's innovation benefits societies, businesses, and industries worldwide—from disaster response and insurance to aviation renewable energy and agriculture.

Svetoslava Georgieva, Chair of the EIC Fund Board, says: "We are delighted with the EIC Fund's investment in Skyfora, an innovative company developing a next-generation weather intelligence. We believe in the potential of their technology that can save lives and mitigate economic disruptions and financial risks."

Andreas Green Rasmussen, General Partner at Ugly Duckling Ventures, stated: "At Ugly Duckling Ventures a key thesis is that the future of AI relies on the quality of, and rights to first-party data. Skyfora's commitment to building and utilizing their own first-party datasets sets them apart."

Linn-Cecilie Linnemann, Partner at LUMO Labs, adds: "Skyfora's ability to provide critical weather data is a perfect fit with LUMO Labs' focus on climate action and sustainable cities. As climate change intensifies, reliable weather intelligence becomes increasingly crucial for urban resilience."