Tomorrow.io to go public via merger with Pine Technology Acquisition in a $1.2bn deal.

Tomorrow.io, a developer of a platform for global weather and climate security, agreed to go public via merger with Pine Technology Acquisition, a special purpose acquisition company, in a $1.2bn deal. The deal includes a $75m PIPE from Koch Strategic Platforms, National Grid Partners, JetBlue Technology Ventures and SoftBank. "Shimon and the impressive Tomorrow.io leadership team have deep expertise in weather, radar technology, and decision support software. They have built a vertically integrated company that delivers exceptional value to their global commercial and government customers. Tomorrow.io is leading the way with its world-class weather forecasting operation and modern SaaS-based approach to meet the growing need for weather and climate security. With our experience supporting high-growth companies and our vast network of contacts that offer new customer opportunities, we believe we can help deliver long-term value for all stockholders," Adam Karkowsky, Pine Technology Non-Executive Chairman.