6 ms·
It's hard to get accurate numbers as many weather sites are privately held. But to give some info: Weather Company was sold for $2B to IBM in 2015 (and recentl
by mikeortman 2y ago
It's hard to get accurate numbers as many weather sites are privately held. But to give some info:
Weather Company was sold for $2B to IBM in 2015 (and recently sold to private equity for undisclosed amount). Tomorrow.IO has a $1B+ valuation pre-IPO SPAC.
https://www.forbes.com/sites/johnkoetsier/2021/04/08/ibms-weather-company-has-a-path-to-billions-in-new-revenue-thanks-to-the-rise-of-the-subscription-economy/ https://www.forbes.com/sites/johnkoetsier/2021/04/08/ibms-we...
- WrongAssumption 2y agoThat’s not really indicative of a large industry. If the weather company was bought for 2 billion, at standard valuations they were probably pulling at most 100 million per year in net income.
- keithalewis 2y agoUser name checks out.