Rainbow Weather Raises Almost $2M in Funding
Summary
Furthermore, the company which trades as Rainbow Meteo Technologies and is based in Poland, has had further financial backing from the European Bank for Reconstruction and Development. The company intends to use the funds to expand operations and its business reach. The company says it delivers weather predictions based on a wide range of data sources (from satellites and meteorology stations to user reports and shared barometer data). Their first product on the market is the mobile app for iOS and Android which provides hyperlocal forecasts notifying users about upcoming rain and snowfalls, storms and hurricanes and their movements on the map. Precision was calculated based on the share of rain accurately predicted within a 30-minute forecast window.