WeatherBill raises new round of funding

With the addition of $42 million in a Series B round, funding in this catastrophic insurance risk startup company now totals $60 million. The total is primarily due to today’s large infusion of cash from Google Ventures.

What is WeatherBill?

With statistical analysis and distributed computing for better weather forecasting, WeatherBill can offer farmers more competitive insurance rates, specifically, a personalized insurance policy. The company was founded four years ago by two former Google employees, one of whom was Chief Technology Officer at Google.

I hope WeatherBill is successful. This story is a welcome change from news about over valued social media companies, e.g. TechCrunch’s recent post about J.P. Morgan’s rumored investment of $450 million in Twitter. It is a welcome change when a major venture capital investment is made in a business targeting farmers!

Rainmakers For WeatherBill

WeatherBill Inc. is announcing $42 million in Series B funding from Google Ventures, Khosla Ventures and several previous investors… WeatherBill aggregates large amounts of weather data from the National Weather Service and other sources to run large-scale simulations that assess the probability of weather occurring several years in advance anywhere on the globe.

“Agriculture is an unusual area for venture capital, but we submit that agricultural technology has the same potential as biotechnology had in pharmaceuticals or chips had in telecommunications,” Khosla said.

via (28 February 2011)

Published in: on March 1, 2011 at 12:48 am  Comments (2)  
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2 CommentsLeave a comment

  1. WeatherBill is bitchin. I tried to get hired by them twice and to no avail. It’s interesting how they’ve changed their business model over a few years from what makes sense from an armchair economics perspective to what actually works in sales.

    • Interesting that they are so fussy. I don’t know your academic background. I have read enough of your own blog posts and Twitter stuff to know you are a reasonably smart cookie. And fairly congenial, with decent online etiquette.

      I love WeatherBill too! They sound wonderful. I would love to work there, I confess.

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