LOUISVILLE, Ky. — The Rise Fund, TPG’s global impact investing platform, has announced a $100 million strategic investment in Louisville-based Climavision, a pioneering weather services and intelligence platform.
Climavision is powered by a private network of high-resolution radars, GPS-RO data, and proprietary software that significantly improve the timing and accuracy of weather forecasting.
Climavision was formed out of Enterprise Electronics Corporation (EEC), the world’s largest privately-held commercial supplier of weather radar systems. EEC, which is majority controlled by the Cookes family, has a 50-year history and more than 1,200 installations across 95 countries. By combining lower altitude, proprietary data with cutting-edge machine learning and AI technology, Climavision’s one-of-a-kind offering provides 10-times higher resolution and more accurate forecasting to address critical coverage gaps left by existing radar networks across the U.S.