AI Turbulence and Wind Forecasting Startup BlueWX Secures Funding to Accelerate Global Expansion in Aviation and Wind Energy
Overview of the Funding
BlueWX Inc., a provider of deep learning-based weather forecasting solutions, has announced that it has raised capital through a third-party allotment of shares in a Series A extension round, with Fidea Capital Co., Ltd. acting as the underwriter. The company has previously received investments from Tokyo University Innovation Partners Co., Ltd. (TIPC), ANA Future Creation Fund, and Keio Innovation Initiative (KII). With this latest round of funding, BlueWX will further strengthen its management structure alongside its existing investors.
About BlueWX Inc.
Founded in July 2023, BlueWX is a meteorological analysis and forecasting startup whose core strength lies in a proprietary weather approach combining observational data and deep learning. The company has built a solid technological track record, including cutting prediction errors in half compared to conventional models in areas such as aviation turbulence forecasting and surface wind prediction for the energy sector.
Purpose of Funding and Future Outlook
The newly raised funds will primarily be allocated toward the following initiatives:
- Model improvements and data distribution system development for the global rollout of AI-based turbulence forecasting
- Development of wind condition forecasting models and PoC (Proof of Concept) for distribution systems targeting domestic and international wind power operators
- Building out development and sales frameworks
Building upon the technological foundation cultivated in Japan, BlueWX aims to fully roll out its services to airlines and global wind power operators worldwide, establishing its position as a weather data platform company that supports industries across the globe.
Underwriter (Investor)
- Fidea Capital Co., Ltd. (Fidea Corporate Growth Support Fund Investment Limited Partnership)