Tuesday, January 25, 2022
HomeTravel StartupsJetBlue-Backed Weather Startup Tomorrow.io to Go Public Via SPAC Deal

JetBlue-Backed Weather Startup Tomorrow.io to Go Public Via SPAC Deal

Skift Take

Silicon Valley sometimes mocks travel companies for not being as nimble as tech startups. So it’s refreshing to learn that JetBlue Airways was a valuable mentor to Tomorrow.io, a tech startup that is now being valued at more than $700 million.

Tomorrow.io, a weather intelligence company, said Tuesday it plans to go public through a merger with Pine Technology, a blank check company. The target for the pro forma enterprise value of the combined company would be about $729 million.

Tomorrow.io offers real-time weather forecasts relevant to business operations. Its 120 enterprise customers include AeroMexico, Azul, Delta, and United — plus several other non-travel companies.

While not a travel startup, Tomorrow.io is notable for being backed by JetBlue Technology Ventures, the investing arm of U.S. airline JetBlue Airways.

JetBlue Technology Ventures joined others, including Koch Strategic Platforms, National Grid Partners, and SoftBank Group’s SB…

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