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VisitRainmaker 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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Markets
Yes • 50%
No • 50%
Tech industry news reports or press releases from competing firms
No • 50%
Yes • 50%
Official reports from environmental monitoring agencies or Rainmaker's published data
No • 50%
Yes • 50%
Press releases from Rainmaker or news articles from financial news sources
Moderately effective • 33%
Highly effective • 33%
Ineffective • 33%
Evaluations or reports published by environmental agencies or scientific reviews
Does not expand • 33%
Expands to 1-3 additional watersheds • 34%
Expands to 4-6 additional watersheds • 33%
Company announcements or environmental impact assessments
Low support • 33%
High support • 33%
Moderate support • 33%
Public opinion polls, governmental policy documents