Understory

company

About

Understory is an insurance company that develops smart weather station micro-grids.

  • 11 - 50

Details

Last Funding Type
Seed
Last Funding Money Raised
$18K
Industries
Analytics,Big Data,InsurTech
Founded date
Jan 1, 2012
Number Of Employee
11 - 50
Operating Status
Active

Understory is a weather infrastructure and analytics company that detects rain, hail, wind, and other weather events directly at the earth’s surface, where the risk to life and property is greatest. Understory builds and operates weather networks that are comprised of patented RTi weather stations, which are full-stack, rugged, tamper-proof, maintenance-free, precision weather solutions. The stations measure 50,000 times a second and power a cloud-based artificial intelligence core that stitches the measurements together to provide an unprecedented understanding of weather events.

These weather networks have completely wireless data transmission and provide research-grade hail, wind, rainfall, temperature, humidity, evapotranspiration, and growing degree unit accuracy at a fraction of the cost of any other solution on the market. Understory’s technology has been perfected for worldwide deployment and is posed to radically change the way weather is understood globally.

It was founded in 2012 and is currently based in Madison, Wisconsin.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$18K
Understory has raised a total of $18K in funding over 2 rounds. Their latest funding was raised on Jun 1, 2012 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 1, 2012 Seed $18K 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Understory is funded by 1 investors. gener8tor are the most recent investors.
Investor Name Lead Investor Funding Round
gener8tor Seed