By Steve Miller
Weather Decision Technologies, Inc., a global leader in weather analytics and decision support services, closed a corporate financial transaction in December 2015. The $10.5 million transaction included a new equity investment as well as long term debt refinancing. WDT will use the equity investment proceeds to enhance its enterprise products and increase sales and marketing efforts.
Commenting on the investment, WDT CEO, Mike Eilts said: "With this round of equity funding, we’ll expand our team and scale our best-in-class technology that allows a wide range of industries to gain actionable weather insights. Our customers can confidently make data-driven decisions like never before.” He adds: “This new funding will enable us to accelerate our expansion into additional markets as well, bringing our top tier technology to new partners and clients.”
2015 was a year of important milestones: WDT established and licensed numerous patents covering Dual-Pol radar and alerting, now boasting 59 separate patents to ensure the protection of clients. New products were launched, including SkyWise precision weather data for developers and decision makers as well as the WeatherOps companion app that provides asset protection clients greater flexibility when it comes to receiving and acting upon weather threats. WDT was named to Inc. Magazine’s 2015 Inc. 5000 list for the 9th consecutive year, as well as named to America’s Fastest-Growing Private Companies List for the eighth time. WDT was also selected for the 10 Fastest Growing Data Analytics Companies list by the Silicon Review out of Silicon Valley, CA.