# PlanetiQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/planetiq

- Industry: Environmental Services
- Headquarters: Golden, US
- Website: www.planetiq.com
- Total disclosed funding: $19M
- Latest round: Series B (Jul 10, 2019)
- Investors on record: 10

## About

Based in the US, PlanetiQ LLC develops advanced satellite weather sensors that deliver critical atmospheric data for enhanced weather forecasting across various industries.PlanetiQ LLC focuses on providing high-quality atmospheric data through its innovative satellite technology. Founded in 2012 in Golden, US, the company has undergone strategic developments since its inception. The current CEOs are Ira Scharf and Steven Joanis. In July 2019, PlanetiQ raised USD 18.70 mn in Series B funding, with participation from multiple investors including AV8 Ventures and New Science Ventures. This funding supports their growth initiatives and reflects their commitment to advancing weather data solutions.PlanetiQ specializes in advanced satellite weather sensors designed for providing critical atmospheric data. Utilizing a unique GPS Radio Occultation (GPS-RO) method, their technology delivers accurate measurements of temperature, water vapor, pressure, and wind speed, even in adverse weather conditions. Their core clients include meteorological agencies, research institutions, and private companies in sectors such as agriculture, aviation, and disaster management. Their products are marketed globally, particularly in North America, Europe, and Asia, where precise weather modeling is essential.PlanetiQ generates revenue through subscription-based services and partnerships with government and private sector clients. Their offerings include various subscription plans tailored to the needs of meteorological organizations, providing access to real-time weather data and analytics from their proprietary GPS-RO technology. Collaborative agreements with agencies further enhance their service capabilities while creating a consistent revenue flow.Following their Series B funding in July 2019, PlanetiQ aims to accelerate the launch of its high-definition radio occultation (HDRO) satellite constellation. This funding will support the development and deployment of new satellite products, enhancing their data offerings. The company is also targeting market expansion in new geographic regions, focusing on areas with growing demand for precise weather data. Plans for future product launches are underway, aimed at improving weather forecasting accuracy and operational decision-making in various industries.

## Funding rounds

- Series B, Jul 10, 2019, $19M — Virginia Tech Foundation, Access Venture Partners, New Science Ventures, Service Provider Capital, Moonshots Capital, Kodem Growth Partners, Hemisphere Ventures, Valo Ventures, AV8 Ventures, Earth Investments, LLC

## Investors

- Virginia Tech Foundation — Series B
- Access Venture Partners (https://capitalatlas.ai/funds/access-venture-partners) — Series B
- New Science Ventures (https://capitalatlas.ai/funds/new-science-ventures) — Series B
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Series B
- Moonshots Capital (https://capitalatlas.ai/funds/moonshots-capital) — Series B
- Kodem Growth Partners (https://capitalatlas.ai/funds/kodem-growth-partners) — Series B
- Hemisphere Ventures (https://capitalatlas.ai/funds/hemisphere-ventures) — Series B
- Valo Ventures (https://capitalatlas.ai/funds/valo-ventures) — Series B
- AV8 Ventures (https://capitalatlas.ai/funds/av8-ventures) — Series B
- Earth Investments, LLC — Series B