ACME Atronomatic

More Accurate Weather Forecasts

Company Information

Website:

https://myradar.com/

Sector:

Scientific, Engineering Software

Location:

Orlando, FL

ACME Atronomatic is a software company enabling you to access better weather forecasts.

It’s created the MyRadar app, used by more than fifteen million people, that anticipates weather and environmental threats. This later-stage company has been around since 2009, but is seeking capital to take its business into orbit — literally and figuratively.

ACME plans to build and launch its own satellites to better observe the world. It aims to use advanced Artificial Intelligence to monitor the planet and alert users of potential dangers below.

This is a potentially valuable service. That’s because weather and climate disasters are on the rise. In 2021, the U.S. suffered separate twenty-billion-dollar disasters.

Everyday people need modern tools to help them navigate the weather and plan ahead for impending severe weather-related events. And while there is a considerable amount of data and technology related to these needs, consumers and businesses need effective tools to help digest this info and turn it into actionable insights.

For more than a decade, MyRadar has created innovative features, data visualizations, and alerting services. It offers four main benefits over the competition:

Accuracy — MyRadar is driven by technological data which is processed in a unique way using proprietary AI software. Speaking of…

In-House Tech — Physical AI and machine-learning algorithms help deliver accurate alerts.

Simplicity — MyRadar’s user experience is simple and intuitive.

Latency — The app can deliver alerts globally in a matter of seconds.

MyRadar already provides features like day-to-day storm awareness, rain alerts, heat extremes, and smoke/air quality conditions. Now the company is preparing to release RouteCast, a proprietary road-weather forecast system that predicts not just the weather along your route, but also the surface conditions and delay risks.

This level of granularity provides value for both the everyday driver and professional hauler. RouteCast will be integrated with MyRadar’s upcoming CarPlay, Android Auto, and Android Automotive apps, as well as services geared for small and large businesses managing fleets of vehicles.

Soon, with the help of its HORIS satellite constellation, ACME aims to provide high-end data and alerting services to businesses, governments, and defense companies.

At its core, ACME is a software-as-a-service (SaaS) business, part of the $237 billion SaaS industry.

In 2022, the company launched three of its engineering prototype satellites. And earlier this year, it completed its Phase 1 contract with the National Oceanic and Atmospheric Administration to build out and test an engineering prototype of its constellation.

Furthermore, ACME was chosen as an early access partner by Google to provide its AI-driven road-weather prediction feature using its new Android Automotive platform, soon to be available in vehicles by Ford, General Motors, Volvo, and Porsche.

To generate revenue, ACME offers access to its app through a subscription model. In fiscal-year 2022, revenue was around eight million dollars.

Team Background

Andrew Green - Chief Executive Officer

In 1989, Andrew started one of the world’s first public-access internet-service providers. This service pioneered the use of modern internet access technologies commonly used today, including internet over cable tv networks and internet over DSL lines. He sold this service in 1998.

In 2000, Andrew formed an internet-based aviation information-services company, which evolved into a software and services company that today is ACME Atronomatic.

He was nominated for Weatherperson of the Year in 2020.

Sarvesh Garimella - Chief Scientist and CTO

Sarvesh oversees research and innovation efforts at ACME.

After earning an undergraduate degree in planetary science and environmental engineering at Caltech, his graduate career focused on clarifying the role of anthropogenic emissions or particulate matter on clouds and climate.

He earned a Master’s degree in Atmospheric Science and a Doctorate in Climate Physics and Chemistry from MIT, where his research focused on developing spectrometers for ice nuclei and forming global-climate models using machine-learning technology.

Sarvesh joined ACME in January 2019.

David Ryglicki - Principal Scientist

Prior to joining ACME, David spent ten years with the federal government, spending the majority of that time serving in the U.S. Navy as an employee of both the Fleet Numerical Meteorology and Oceanography Center (FNMOC) and the Naval Research Laboratory (NRL).

His notable accomplishments there include developing tactical decision aids for warfighter support and working at the NRL as a postdoctoral scholar and being promoted to a full-time meteorologist.

David holds a Bachelor’s degree in Atmospheric Science from Cornell and a Master’s degree and Ph.D. in Meteorology from Florida State.

Co-Investors

Raising
$5 million
Committed
$2.172 million (43%)
Current Valuation
$70 million
Min. Investment
$399
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
Notable Investors
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