Key Takeaways
- Cordulus has raised a total of €6.8 million in Series A funding, with Delphinus Venture Capital making its first investment.
- The Denmark-based company plans to expand its hyperlocal AI weather solutions beyond agriculture into energy trading.
- Cordulus operates one of the world’s largest networks of hyperlocal weather stations, supporting real-time AI forecasting.
- Existing investors, including Danish Agro, Rockstart, and the Pajbjerg Foundation, remain shareholders following the round.
- The funding will support product development focused on forecast precision for energy market applications.
Funding Round Supports Expansion Beyond Agriculture For Cordulus
Cordulus, a Denmark-based provider of hyperlocal AI-driven weather forecasting solutions, has secured a total of €6.8 million in Series A funding. The latest investment comes from Delphinus Venture Capital, marking the fund’s first investment and supporting Cordulus’ planned expansion into the energy sector.
The company operates one of the world’s largest networks of hyperlocal weather stations, generating real-time data that feeds its AI models. These models are trained on large-scale computing infrastructure to produce high-resolution weather forecasts. To date, agriculture has been Cordulus’ largest market, where its forecasts are used for fertilization planning, crop protection, and operational decision-making.
Focus on Real-World AI and Physical Data Pipelines
Cordulus positions itself as a real-world AI company specializing in large-scale physical data pipelines linked to climate and infrastructure systems. According to Delphinus Venture Capital, this capability was central to its investment decision.
“This is one of the most exceptional AI teams we have encountered. Cordulus is proof that Europe can compete in the battle for real-world AI,” said Mathias Brink Lorenz, CEO of Delphinus Venture Capital.
The company’s AI models continuously improve as new data is collected from its weather station network, which generates millions of data points daily.
“Our AI models improve by the minute because we collect enormous amounts of data from the physical world,” said John Smedegaard, CEO of Cordulus.
Investment Accelerates Entry Into Energy Trading
With the new funding, Cordulus plans to expand its product offering for the energy market, where forecast precision is critical. In energy trading, small variations in wind and solar conditions can affect pricing, risk management, and portfolio optimization.
Cordulus currently serves customers in more than 22 countries across a range of industries that rely heavily on accurate weather forecasting.
“We contribute with clarity and accuracy, and we can see how our technology can bring enormous value, particularly within energy trading,” Smedegaard said.
Existing Cordulus Shareholders Remain Supportive
Cordulus previously received investment from Danish Agro in 2019, which remains the company’s majority shareholder. Other investors include Rockstart, the Pajbjerg Foundation, and several private investors.
“We have proudly taken part in Cordulus’ development as a company, and the investment from Delphinus Venture Capital further underscores the company’s enormous potential,” said Henning Haahr, Group CEO of Danish Agro and Chairman of the Board at Cordulus.
The Pajbjerg Foundation also welcomed the new investor, highlighting the relevance of Cordulus’ technology across multiple industries.
Delphinus Venture Capital is backed by the Aarhus University Research Foundation, Norlys, HEARTLAND, and Salling Group.
