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Photo: NASA

The private weather company ClimaCell has raised more than $185 million in part to help finance its ambitions to build a fleet of satellites designed to monitor and forecast the weather.

Why it matters: The company — which announced a $77 million Series D capital raise today — is aiming to do something different than most space-faring weather firms. Instead of gathering data to sell it to others, it plans to use it to improve its own analytical offerings.

  • The company, which also said it's changing its name to Tomorrow.io, already helps forecast weather's impact on business decisions for airlines like JetBlue and the maritime shipping industry.

What's happening: The satellites will use a proprietary radar instrument designed to beam back data that will aid in forecasts and weather models.

  • The company plans to launch about 40 satellites for its constellation, with the first launch expected in 2022.
  • "The world has one active radar in space. It is the NASA GPM. The moment we launch the first satellite, [we'll double] the number of active radars in space," Shimon Elkabetz, the CEO and co-founder of Tomorrow.io, told us.
  • "The value for weather forecasting that will be generated from our active radars is going to be ... felt in the forecast, starting with the first satellite."

Yes, but: Other weather firms putting satellites in orbit, such as Spire and GeoOptics, are focusing on more established instruments, rather than orbiting radars.

  • Tomorrow.io's technology is largely unproven when it comes to being mounted on small satellites, and the company has yet to launch a single payload.
  • However, if the company succeeds, it could significantly boost the areas of the globe with radar coverage, thereby improving forecasts dramatically.

Go deeper

Biden to raise refugee admissions cap to 125,000

Afghan refugees arrive at Dulles International Airport after being evacuated from Kabul. Photo: Chip Somodevilla/Getty Images

The Biden administration will raise the refugee admissions cap to 125,000 for the next fiscal year beginning in October, the State Department confirmed in a statement Monday.

Why it matters: The move comes as the U.S. contends with resettling tens of thousands of Afghan refugees stateside, and as the world faces "unprecedented global displacement and humanitarian needs," the department wrote.

Wall Street's wobble disrupts record stock market boom

People walk by the New York Stock Exchange earlier this month. Photo: Spencer Platt/Getty Images

Monday interrupted a stretch of calm amid the historic stock market boom underway since March 2020.

Driving the news: Jitters were apparent nearly everywhere.

2 hours ago - Health

First Texas doctor sued for performing abortion in violation of new law

Abortion rights activists march to the house of US Supreme Court Justice Brett Kavanaugh in Chevy Chase Maryland, on Sept. 13, 2021, following the court's decision to uphold a stringent abortion law in Texas. Photo: Nicholas Kamm/AFP via Getty Images

A San Antonio physician is facing a lawsuit after he admitted performing an abortion considered illegal under Texas' new law.

Why it matters: The civil suit, filed by a convicted felon in Arkansas, against Alan Braid is the first such suit under the law that allows private citizens to sue anyone who helps a pregnant person obtain an abortion after six weeks.