Spire Global, Inc. has entered into a multi-million-dollar deal with a financial firm. The Company will provide its High-Resolution Weather Forecast model, which offers a six-day outlook powered by proprietary data collected from space, and develop an AI-powered model for long-range forecasting. Through this deal, Spire will build off of its recent collaboration with NVIDIA to leverage Earth-2, NVIDIA's platform for weather and climate change modeling, to train and run AI weather models.

These models are projected to increase the accuracy of weather forecasts and produce long-range probabilistic forecasts at unprecedented speeds. Spire's multipurpose constellation of satellites, utilizing radio occultation technology, captures precise vertical profiles of temperature, pressure, and humidity across the globe, including under-observed areas and remote regions. By utilizing these proprietary datasets to initialize an AI forecasting model, the Company aims to usher in a new era of accuracy, speed and reliability in weather forecasting.

Spire's suite of Weather and Climate solutions, including its recently launched High-Resolution Weather Forecasts, DeepVision, global weather forecasts, proprietary data sources like ocean winds and soil moisture, and additional atmospheric weather datasets, serves customers across various industries including energy, logistics, utilities, agriculture and more.