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Rainmaker Technology Corporation raises $100 million in Series B funding to scale low-cost water production and weather modification, with support from NOA VC, Upfront Ventures, DCVC, Lowercarbon Capital, and Dream Ventures.
Rainmaker Technology Corporation has successfully secured a $100 million Series B funding round to enhance its atmospheric research efforts and reduce freshwater production costs through cloud seeding. This round involves notable investments from firms including NOA VC, Upfront Ventures, DCVC, Lowercarbon Capital, and Dream Ventures. The funding will enable Rainmaker to advance its technology and conduct vital research in manmade precipitation. The company's innovative approach has already validated the potential of cloud seeding to address drought concerns.
Company Information
Company
Rainmaker Technology Corporation
Location
California, United States
About
Rainmaker Technology Corporation is a next-generation cloud seeding company based in El Segundo, Calif. The company uses weather-resistant drones to produce additional freshwater via cloud seeding, validating its operations with proprietary radar and validation systems. Recently, Rainmaker became the first private company to validate cloud seeding operations, significantly impacting water production. The organization aims to address water scarcity and intends to expand its methodologies to other agricultural challenges.
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CaliforniaAgriculture and Farming