{"id":1491,"date":"2020-07-28T13:42:32","date_gmt":"2020-07-28T13:42:32","guid":{"rendered":"https:\/\/digitone.news\/?p=1491"},"modified":"2020-07-28T13:42:33","modified_gmt":"2020-07-28T13:42:33","slug":"climacell-raises-23-million","status":"publish","type":"post","link":"https:\/\/digitone.news\/index.php\/2020\/07\/28\/climacell-raises-23-million\/","title":{"rendered":"ClimaCell Raises $23 Million"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

ClimaCell, announced its Series C funding round, raising $23M to accelerate strategic initiatives. The round is co-led by Pitango Growth in addition to existing investor Square Peg Capital. The raise brings ClimaCell\u2019s total funding to more than $100M. Founded in 2016, ClimaCell has built a suite of enterprise-grade technology with its revolutionary SaaS products: Its Business Dashboard, API, HistoricalAI Data, and Consumer App.
ClimaCell has quickly grown in the past few years to more than 100 employees across North America, Europe, and Asia-Pacific, with customers including Uber, Delta, Ford, Intact Insurance, National Grid, the U.S. Open, Rappi, Porsche, and more.
The round comes amidst rapid growth across the global supply chain, energy, insurance, and on-demand sectors with recent enterprise customers including ITS ConGlobal, IndiGrid, and Swiggy amongst others.\u00a0The key differentiator in ClimaCell\u2019s product is the company\u2019s automated and predictive impact technologies, which help customers save millions in operational efficiency, improve safety, and avoid significant costs and damages fromweather events.\u00a0
\u201cClimaCell is taking the next step in disrupting the weather industry by providing the most valuable and actionable weather intelligence to our customers, and we\u2019re excited to continue working with our amazing partners at Square Peg,\u201d said Shimon Elkabetz, Co-Founder and CEO of ClimaCell. \u201cAlongside Square Peg, we were truly impressed by the team at Pitango Growth and are looking forward to working together.\u201d
\u201cWe\u2019ve been amazed with ClimaCell\u2019s advanced products since day one,\u201d said Philippe Schwartz, Partner at Square Peg Capital. \u201cWe consistently hear from customers about how ClimaCell is unlike anything they\u2019ve ever seen before in addition to the significance being realized in cost savings and revenue optimization as a direct result of using ClimaCell.\u201d
Further solidifying its unique SaaS offering, ClimaCell was recently ranked as having the number one global weather API for businesses across the world as they deal with a flurry of new weather and climate related challenges.
\u201c65% of the world\u2019s GDP is being impacted by weather events. Climacell is the only SaaS company that enables actionable items ahead of weather events rather than reacting to them and their implications and ramifications,\u201d said Aaron Mankovski, Managing General Partner at Pitango Growth. \u201cThe opportunities coming to ClimaCell across industries including supply chain and logistics, railroads, trucking, shipping, on-demand, energy, insurance, and more represent a complete upending of the existing competitive landscape and is a testament to being laser-focused on customer value.\u201d<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

ClimaCell, announced its Series C funding round, raising $23M to accelerate strategic initiatives. The round is co-led by Pitango Growth in addition to existing investor Square Peg Capital. The raise brings ClimaCell\u2019s total funding to more than $100M. Founded in 2016, ClimaCell has built a suite of enterprise-grade technology with its revolutionary SaaS products: Its […]<\/p>\n","protected":false},"author":1,"featured_media":1492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":{"0":"post-1491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"_links":{"self":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/comments?post=1491"}],"version-history":[{"count":1,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1491\/revisions"}],"predecessor-version":[{"id":1493,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/posts\/1491\/revisions\/1493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media\/1492"}],"wp:attachment":[{"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/media?parent=1491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/categories?post=1491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitone.news\/index.php\/wp-json\/wp\/v2\/tags?post=1491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}