Company Research Report: Salient Predictions

Company Overview

• Name: Salient Predictions

• Mission: To put scientific knowledge to work helping people and organizations better understand and prepare for the increasing volatility of climate change. Salient aims to mitigate risk, improve preparedness, increase resilience, and provide insights for adapting to climate change.

• Founded: Developed from decades of research; formalized post-2016 after a successful model in a climate forecasting competition.

• Founders: Ray Schmitt, Eric Schmitt, Stephen Schmitt

• Key People:

• Matt Stein, Co-Founder & CEO

• Raymond Schmitt, Co-Founder & President

• Anthony Atlas, VP Business Development

• Janet Lee, Chief Product Officer

• Karl Critz, Chief Technology Officer

• Headquarters: 245 Main St. Cambridge, MA 02142

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: Salient combines ocean and land-surface data with machine learning to deliver the world’s most accurate subseasonal-to-seasonal weather forecasts.

Products

• Salient’s Weather Forecasting Platform:

• Description: A global-scale machine learning platform that delivers subseasonal to seasonal weather forecasts 2 to 52 weeks in advance.

• Key Features:

• 2x accuracy improvement over competitive forecasts.

• Capable of generating 5 million API data points weekly across 4 billion machine learning predictors.

• Provides decision-making tools through a map interface and APIs with actionable outputs, enhancing agriculture, energy, finance, and supply chain processes.

• Customizable hazards and tailored thresholds for region-specific risk analysis.

Recent Developments

• New Products Launched:

• Salient unveiled a next-generation S2S forecasting platform aimed at transforming risk management for key sectors by providing advanced foresight for critical weather events.

• New Features:

• Enhanced platform reliability and usability, offering customizable hazard assessments and improved forecast update frequency.

• Partnerships and Initiatives:

• Joined AWS Clean Energy Accelerator 4.0, focusing on decarbonization and renewable energy adoption.

• Strengthened ties to Tulsa’s innovative climate science and energy ecosystem, collaborating with local academia and industry leaders.

• Partnership with Camus Energy to integrate AI-driven probabilistic forecasts with grid management software, helping utilities optimize operations and reduce peak demand costs.

Conclusion

Salient Predictions stands at the forefront of weather forecasting innovation by integrating advanced machine learning and climate expertise. The company's strong partnerships and cutting-edge technology position it as a critical player in addressing the challenges posed by climate change across various industries.