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Expansion of Rainmaker's operations by end of 2024
5
Rainmaker•LongJourneyVC•1517 Fund•Starship VC•Tamarack Global•Day One Ventures•Garry Tan•Balaji Srinivasan
Resolution / Starting Odds
Expands to 1-3 additional watersheds • 34%
Expands to 4-6 additional watersheds • 33%
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Company announcements or environmental impact assessments
Story
Rainmaker Raises $6.3M for Cloud Seeding in Critical Watersheds
May 8, 2024, 01:47 AM
Rainmaker, a geoengineering startup, has secured $6.3 million in seed funding to advance its cloud seeding technology aimed at increasing rainfall in arid regions. The funding round includes contributions from LongJourneyVC, 1517 Fund, Starship VC, Tamarack Global, Day One Ventures, and notable angel investors Garry Tan and Balaji Srinivasan. Rainmaker's technology utilizes advanced radar software, LiDAR, and fast-response drones to enhance precipitation over critical watersheds. This initiative addresses the urgent water scarcity issues threatening ecosystems, agriculture, and livelihoods, particularly in the Western U.S.
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