Spire Global Secures Multi-Million Dollar Deal with Financial Firm for Weather Forecasts
29 Abril 2024 - 7:43AM
Business Wire
Weather models powered by space-based data and
AI will provide critical insights
Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), a
global provider of space-based data, analytics and space services,
has entered into a multi-million-dollar deal with a financial firm.
The Company will provide its High-Resolution Weather Forecast
model, which offers a six-day outlook powered by proprietary data
collected from space, and develop an AI-powered model for
long-range forecasting.
Through this deal, Spire will build off of its recent
collaboration with NVIDIA to leverage Earth-2, NVIDIA’s platform
for weather and climate change modeling, to train and run AI
weather models. These models are projected to increase the accuracy
of weather forecasts and produce long-range probabilistic forecasts
at unprecedented speeds.
“Having spent my career in the field of weather, I’m amazed at
the rapid pace by which we’re seeing AI transform weather
forecasting, especially when paired with proprietary data that can
only be collected from space,” said Michael Eilts, general manager
of Weather & Climate at Spire. “As climate change causes more
volatile and extreme weather patterns, our models are equipping
financial firms with the crucial insights needed to anticipate
weather’s influence on price dynamics and market trends.”
Spire's multipurpose constellation of satellites, utilizing
radio occultation technology, captures precise vertical profiles of
temperature, pressure, and humidity across the globe, including
under-observed areas and remote regions. By utilizing these
proprietary datasets to initialize an AI forecasting model, the
Company aims to usher in a new era of accuracy, speed and
reliability in weather forecasting.
Spire’s suite of Weather and Climate solutions, including its
recently launched High–Resolution Weather Forecasts, DeepVision™,
global weather forecasts, proprietary data sources like ocean winds
and soil moisture, and additional atmospheric weather datasets,
serves customers across various industries including energy,
logistics, utilities, agriculture and more.
About Spire Global, Inc.
Spire (NYSE: SPIR) is a global provider of space-based data,
analytics and space services, offering unique datasets and powerful
insights about Earth so that organizations can make decisions with
confidence in a rapidly changing world. Spire builds, owns, and
operates a fully deployed satellite constellation that observes the
Earth in real time using radio frequency technology. The data
acquired by Spire’s satellites provides global weather
intelligence, ship and plane movements, and spoofing and jamming
detection to better predict how their patterns impact economies,
global security, business operations and the environment. Spire
also offers Space as a Service solutions that empower customers to
leverage its established infrastructure to put their business in
space. Spire has nine offices across the U.S., Canada, UK,
Luxembourg, Germany and Singapore. To learn more, visit
spire.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240429856492/en/
Media Contacts
For Media: Sarah Freeman Communications Manager
Sarah.Freeman@spire.com
For Investors: Benjamin Hackman Head of Investor Relations
Benjamin.Hackman@spire.com
Spire Global (NYSE:SPIR)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Spire Global (NYSE:SPIR)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024