Foley Hoag Advises Understory in $7.45M Series B
August 28, 2019
Foley Hoag LLP represented weather network and analytics company Understory in a $7.45 million Series B Funding Round led by True Ventures. The funding will be used to expand Understory’s weather sensor network across multiple industries, increase employee headcount and expand into a new headquarters facility.
Based in Madison, Wisconsin, Understory analyzes and processes data to create real-time data sets, views and actionable information from historical, current, and forecasted weather events to provide better insight and early detection of risks. The Understory weather network has been used in several industries including broadcasting, agriculture, forecasting and risk mitigation.
Foley Hoag attorneys Robert Sawyer and Mark Cloutier represented Understory in the transaction.
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