M&A Deal Summary

Climavision Acquires Intersphere

On April 30, 2024, Climavision acquired information technology company Intersphere

Acquisition Highlights
  • This is Climavision’s 1st transaction in the Information Technology sector.
  • This is Climavision’s 1st transaction in the United States.
  • This is Climavision’s 1st transaction in Colorado.

M&A Deal Summary
Date 2024-04-30
Target Intersphere
Sector Information Technology
Buyer(s) Climavision
Deal Type Add-on Acquisition

Target

Intersphere

Fort Collins, Colorado, United States
Intersphere uses proprietary AI models to issue weather and climate forecasts from weeks to months into the future. Their algorithms improve forecast accuracy, increase the amount of time customers have to act on a forecast, and provide more details about probabilistic information. Intersphere is based in Fort Collins, Colorado.

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Buyer(S) 1

Buyer

Climavision

Louisville, Kentucky, United States
Category Company
Founded 2020
Sector Information Technology
DESCRIPTION

Climavision brings together the power of a proprietary, high resolution supplemental weather radar network, combined with advanced weather prediction modeling, including cutting-edge AI forecasting technology, and decades of expertise, to close significant weather observation gaps and drastically improve forecast speed and accuracy. Climavision’s revolutionary approach to climate technology is poised to help reduce the economic risks of volatile weather on companies, governments, and communities alike. Climavision was founded in 2020 and is based in Louisville, Kentucky.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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