Israeli air quality and pollution tracking company Breezometer announced the close on Monday of a $30 million Series C funding round led by Fortissimo Capital, a leading Israeli private equity investment fund with $1.6 billion under management. Existing investors Entrée Capital, JumpSpeed Ventures, Launchpad Digital Health, AxessVentures, Goldacre Ventures, and France’s idinvest Partners also participated in the round.
Founded in 2014, Breezometer processes information from multiple data layers using sophisticated algorithms and machine learning to provide real-time air quality information at street-level accuracy (5 meters or 16 feet) to consumers in over 100 countries. It does this through mobile apps, smart home IoT devices, cars, and other connected experiences. BreezoMeter’s intelligence has inputs from more than 47,000 sensors worldwide, meteorological data, satellite information, active fires, sandstorms, traffic, and connected cars.
Breezometer said it detects 17 species of pollen and 34 different pollutants, allowing it to forecast air pollution up to 96 hours and allergens three days ahead of time.
Clients include AstraZeneca, Bosch, Dyson, Verizon Media, L’Oréal and others. In December 2020, BreezoMeter’s environmental data became available to iPhone users through the Apple weather app.
BreezoMeter said in a statement that it will use the funds to expand development of its monitoring, forecasting and alert systems for environmental hazards such as air pollution, pollen and fires.
“Demand for our environmental intelligence has only grown since the pandemic shone a spotlight on respiratory wellness and now, hundreds of millions of people use the information BreezoMeter provides daily,” said Ran Korber, CEO at BreezoMeter. “Our models predict environmental hazards, like pollen and forest fires, which have a negative impact on respiratory health. We use this data to deliver real-time recommendations so people can avoid these dangers. With this new round of funding, we have more resources to refine and scale our three-part model: data infrastructure, technology and delivery to consumers through connected devices and experiences. We are additionally developing new products that provide people with more control over their health.”
“It is a great privilege to invest in an impact company such as BreezoMeter, and in the revolutionary change it spearheads in pursuit of providing accurate, life-saving air quality information to billions of people worldwide, “ said Shmoulik Barashi, a partner at Fortissimo Capital. “The great potential of BreezoMeter, the real need to help people avoid air pollution and the diseases it can cause, caught our attention. We are convinced that this company can contribute to improving the living conditions of its users.
“BreezoMeter’s rapid growth in monitoring and forecasting natural hazards such as air pollution coupled with hyper local accuracy, has made it the global leader in this space,” said Aviad (Avi) Eyal, co-founder and managing partner, Entrée Capital, one of BreezoMeter’s first investors. “The need for the company’s products is increasing exponentially. We are incredibly proud to be a major investor in a company that provides a critical, life-saving and impactful solution.”