Weatherbill
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| Industry | Agriculture |
|---|---|
| Fate | acquired by Monsanto (2013) |
| Founded | 2006 |
| Headquarters | San Francisco, CA, USA |
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Key people
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| Website | climate |
The Climate Corporation is a digital agriculture company that examines weather, soil and field data to help farmers determine potential yield-limiting factors in their fields.
The company was founded as WeatherBill in 2006 by two former Google employees, David Friedberg and Siraj Khaliq.
The company began as a startup focused on helping people and businesses manage and adapt to climate change, by providing weather insurance to ski resorts, large event venues, and farmers. In 2010 it decided to focus exclusively on agriculture, and launched the Total Weather Insurance Product in fall 2010 for corn and soybeans.
On October 11, 2011, WeatherBill changed its name to The Climate Corporation.
In June 2013 the U.S. Department of Agriculture's Risk Management Agency authorized the Climate Corporation to administer federal crop insurance policies for the 2014 crop year.
In October, 2013 Monsanto announced that it was acquiring the company for approximately $1.1 billion.
In November 2013 the company launched Climate Basic and Climate Pro, a set of advisory tools for farmers utilizing data science to help farmers make optimal decisions.
In February 2014 the company announced it merged with Monsanto’s Integrated Farming System and Precision Planting divisions. In February 2014 the company also acquired Solum, a soil-testing company based in Ames, Iowa.
In December 2014 the company acquired 640 Labs, an agricultural technology startup based in Chicago.
In July 2015 the company sold its crop insurance business to AmTrust Financial Services, enabling The Climate Corporation to focus exclusively on its digital agriculture platform. Details of the agreement were not disclosed.
In September 2015 the company re-branded its Climate Basic and Climate Pro products as Climate FieldView.
In November 2015 the company signed a definitive agreement with John Deere to acquire Precision Planting LLC.
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