Industry Agriculture Website climate.com CTO Mark Young Parent organization Monsanto | Key people Mike Stern: CEO Founded 2006 CFO Eduardo Sein | |
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Fate acquired by Monsanto (2013) Headquarters San Francisco, California, United States Founders David Friedberg, Siraj Khaliq VPs Jim Ethington (Product), Daniel McCaffrey (Data, Analytics), Anthony Osborne (Marketing) Profiles | ||
Monsanto acquires the climate corporation
The Climate Corporation is digital agriculture company that examines weather, soil and field data to help farmers determine potential yield-limiting factors in their fields.
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History
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.
In March 2016, the company announced data connectivity agreements with several agronomic retailers and retailer software systems through the use of APIs.
Products
Formerly Climate Basic and Climate Pro, the Climate Corporation re-branded its product to Climate FieldView, making the announcement at the 2015 Farm Progress Show. The Climate FieldView Platform uses data science based on historical crop, field and weather data to provide farmers insights and data of their fields.
Nitrogen Advisor provides farmers a look into nitrogen levels in soil based on historical weather data helping them to determine when to make applications. Field Health Advisor provides farmers satellite images of their fields depicting crop health and vegetation maps. Script Creator allows farmers to create variable-rate prescriptions before planting.
Climate FieldView Drive is a Bluetooth enabled device that plugs into a tractor or combine and reads machine data during planting and harvest. The data is displayed in real-time to the Climate FieldView Cab app.
Climate FieldView Prime includes weather and scouting. It allows farmers to see a weather forecast up to three hours in advance and the ability to scout potential issues in the field. Farmers can drop a pin on that location on the map to scout the precise location throughout the season.