Tomorrow.io announced its $87 million funding round on June 14 after launching its second satellite, Tomorrow-R2, on the recent SpaceX Transporter-8 rideshare flight. The company had previously made history in April 2023 by launching Tomorrow-R1, claimed to be the world's first commercially constructed weather-radar satellite. The $87 million Series E round was led by Activate Capital with RTX Ventures, Seraphim Space and Chemonics joining the round. Existing Tomorrow.io investors, SquarePeg Capital, Canaan, ClearVision, JetBlue Ventures and Pitango, also provided funding.