Private weather company ArabiaWeather has announced a new round of funding totaling $5m.
The firm, which serves 35 million consumers in the Gulf Cooperation Council, raised $2.1m through another funding round earlier in the year.
Badia Impact Fund and Wamda Capital led the latest round, which included participation from DASH Ventures and Dubai-based Jabbar Internet Group.
“The funding is fully dedicated to further growing the company, which has established an exceptional track record as a premier provider of highly useful weather information in the region. We believe there is a true opportunity to further build ArabiaWeather’s portfolio of decision-support weather solutions for the benefit of companies and consumers in the region,” said Wamda Capital partner Khaled Talhouni.
The company will use the funding to expand its weather offering for businesses and consumers.
On the business side this will include industry specific solutions for airports and airlines in the UAE, Saudi Arabia and Jordan.
It will also invest in its weather technology and network of automatic weather stations across the region.
"The rapid growth of our company over the past years has clearly indicated the ever-growing demand for forward-thinking, accurate weather solutions in this region, and we are excited to see our hyper-local products thrive,” said ArabiaWeather CEO Mohammed Al-Shaker.
ArabiaWeather uses algorithms and numerical models to package weather information for locations across the Middle East.
The company also has plans to crowd-source weather data through its users.
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