WeatherBill Closes $42M Series B Funding Round
Summary
WeatherBill , a San Francisco, CA-based platform that enables the real-time pricing and purchasing of customizable weather insurance using proprietary global weather simulation modeling and local weather monitoring systems, closed a $42m Khosla Ventures and Google Ventures joined NEA, Index Ventures, Allen & Company, First Round Capital, Atomico, and Code Advisors.New investorsandjoined NEA, Index Ventures, Allen & Company, First Round Capital, Atomico, and Code Advisors.As part of its current expansion, WeatherBill is hiring mathematicians, climatological agronomists and product managers (www.weatherbill.com/careers).Co-founded by CEO David Friedberg and CTO Siraj Khaliq, the company has developed a technology platform that aggregates enormous amounts of weather data from many disparate sources, and combines sophisticated statistical analyses to run large-scale weather simulations in a proprietary cloud-based computing environment.The system enables completely automated and personalized weather insurance products, which pay out automatically based solely on measured weather conditions, requiring no claims process and no waiting for payment.