Published on: 2024/04/25
LUMO Labs announces an investment of €250,000 in Vrije Universiteit (VU) Amsterdam spin-out Beyond Weather, for further development of its AI technology for long-range weather and impact forecasting.
Based in Utrecht, nestled close to the Dutch national weather hub at De Bilt, Beyond Weather leverages extensive climate expertise and cutting edge AI developments to provide accurate and reliable weather and impact forecasts, serving the energy and agricultural sectors across Europe.
Beyond Weather's AI-driven models offer timely, interpretable and actionable forecasts that enable the energy and agricultural sectors to anticipate high-risk weather events further in advance than ever before. This predictive capability allows businesses to effectively manage risks, reduce costs, and increase profitability by pre-emptively addressing potential impacts such as crop damage.
In addition, Beyond Weather will be providing actionable data to aid humanitarian efforts in the already heavily climate-hit Global South.
“Although we must all press on with our efforts to stop and reverse climate change, there is no denying that amid escalating climate change-induced weather events, today and in the foreseeable future, accurate forecasts are crucial,” says Andy Lurling, Founding Partner of LUMO Labs. “Our investment will accelerate the implementation of Beyond Weather's pioneering AI solutions, strengthening global weather prediction and enhancing climate resilience.”
This investment follows earlier funding from TTT-AI, NWO and Rabobank for the development and successful validation of Beyond Weather’s technology.
About Beyond Weather
Beyond Weather’s forecasting solutions combine the expertise of climate scientists and the power of AI. By identifying important physical processes and teleconnections in decades of climate data, we create targeted long-range forecasts with lead times of 2 weeks up to 6 months ahead.
About LUMO Labs
Founded in 2016, LUMO Labs creates opportunities for impact-driven software startups. The current LUMO Fund II is an impact-driven multi-stage capital fund (pre-seed up to and including series A). It includes a two-year venture builder program to support its portfolio companies in gaining financial success as well as social traction and impact.
LUMO Labs funds startups that align with at least one of the three United Nations Sustainable Development Goals: Sustainable Cities & Communities, Good Health & Well-Being and Quality Education. Its investment focus includes Artificial Intelligence/Data, Blockchain, Internet of Things, Robotics and Drones and Virtual Reality/Augmented Reality.
LUMO Labs advocates self-determination and traceable ownership of data and transparency and traceability of technologies.
Picture: Beyond Weather’s founders Steven van den Tol, Jannes van Ingen, Sem Vijverberg and Dim Coumou (Left to Right)
Contact
Interested in learning more about Beyond Weather or LUMO Labs? Feel free to get in touch with us through the deatils below:
Andy Lurling, Founding Partner LUMO Labs, andy@lumolabs.io
Jannes van Ingen, CEO Beyond Weather, jannes.van.ingen@beyond-weather.com
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