Cordulus raises €3 million to push AI weather solutions globally

Cordulus, Northern Europe's leading provider of AI-based weather solutions, has just closed a €3 m investment round.

The company provides advanced weather insights and has developed an AI weather model that predicts the weather with unprecedented accuracy. The investment will now accelerate the company's expansion of weather solutions into new markets. 

High demand for predictability 

As the weather becomes increasingly extreme and unpredictable, more and more businesses are affected. As a result, there is a high demand for detailed weather insights and forecasts that take into account local microclimates.

For years, Cordulus has used artificial intelligence to deliver hyperlocal weather forecasts which the company states are now 50% more accurate than traditional methods. This is done by incorporating and analyzing a wide range of data sources such as satellite imagery and radar, as well as receiving millions of weather measurements every day from their own weather station network, which with over 4000 active weather stations is the largest in Northern Europe.

A strong signal from investors

"We are proud of the continued support from our investors, which shows confidence in our long-term vision," says John Smedegaard, CEO of Cordulus.

The enthusiasm is shared by the round's investors, consisting of the international agricultural group Danish Agro and the Pajbjerg Foundation:

"We have been an investor in Cordulus since 2018 and have witnessed first-hand the strong development the company has gone through. The weather stations are good examples of the way we want to help farmers around the Baltic Sea with digital tools", says Henning Haahr, CEO of Danish Agro Group and Chairman of the Board of Cordulus.

"The Pajbjerg Foundation is pleased to once again be able to help Cordulus grow and develop. Our focus is to support plant breeding, and weather conditions are a crucial parameter to navigate when developing new varieties for food and feed," says Michael Stevns, Chairman of the Pajbjerg Foundation.

"This round ensures that we can scale quickly as the market for weather-based AI solutions grows. At a time when many companies are holding back on investments, we see this round as a strong sign of a solid future for Cordulus," adds John Smedegaard.

AI paving the way for a greener future

AI is revolutionizing meteorology by making it possible to analyze the vast amounts of weather data being observed in ways that were previously impossible.

"We are currently seeing a global transformation where AI-based weather technologies are opening up new possibilities. We are pioneering this development and see huge potential in bringing our data analytics and forecasting tools to new industries and markets where detailed, frequently updated weather forecasts create great value. 

We help companies manage weather-related risks, reduce resource consumption and reduce their carbon footprint. It is through AI that we can position ourselves as a key player in the green economy of the future," concludes John Smedegaard.