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Illustration: Annelise Capossela/Axios

In announcing Tuesday that it's going public via a special purpose acquisition vehicle (SPAC), climate intelligence company Tomorrow.io signaled its intent to become a top provider of weather and climate risk information in an increasingly risky world.

The big picture: The extreme weather and climate risk services space is getting more crowded. Boston-based Tomorrow.io offers a wider array of services than most of its fellow upstarts and now competes with bigger companies like IBM and Verisk Analytics.

What they're saying: Shimon Elkabetz, Tomorrow.io co-founder and CEO, told Axios in an email that while there are many players seeking to do similar things, the company's business model is more comprehensive than its competitors.

Yes, but: Tomorrow.io has expanded unusually rapidly for a weather and climate risk firm, and is set to go public at a time of growing investor skepticism in some SPAC deals.

  • It remains to be seen whether it can secure the funding needed to pull off everything it has set out to do, from a phone-based weather app to the satellite constellation.

Go deeper: Flood of money pours into climate tech

Go deeper

Jan 3, 2022 - Science

Climate scientists grapple with wildfire disaster in their backyard

The Marshall Fire burns homes in Broomfield, Colo., on Dec. 30. Photo: RJ Sangosti/MediaNews Group/The Denver Post via Getty Images

The wind-whipped firestorm that tore through parts of Boulder County, Colorado, on Thursday struck at the heart of one of America's top climate science and meteorology research hubs.

  • Now some of the top minds who study how climate change is amplifying wildfire risks find themselves shaken and struggling to process what they just witnessed.

Lower 48 states likely had hottest December on record

Expand chart
Data: NOAA; Map: Kavya Beheraj/Axios

The Lower 48 states likely had their hottest December on record, new data shows, with numerous locations in the Central States, South and East breaking previous benchmarks by large margins.

Why it matters: Winter is the fastest-warming season in much of the U.S., with widespread impacts for snow sports, drought and fire weather risks.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

Peloton's wild ride and possible buyers

Illustration: Megan Robinson/Axios

Peloton is having a bumpy ride, and has become a source of fascination among even those who've never invested or clipped in.

Driving the news: On Monday, a hedge fund with less than a 5% stake in Peloton called for CEO John Foley to be fired and for the connected fitness company to consider seeking a strategic buyer. Shares gained nearly 10% on the news, but remained down 16.2% for the year and off 80% their December 2020 peak.

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