RAIN to Merge with Tensor Networks, Start Colorado Upper Yampa Project

By Karen Roman

Rain Enhancement Technologies Holdco, Inc. (Nasdaq: RAIN) said it entered into an agreement to merge with predictive AI technology company Tensor Networks, with the latter becoming a fully owned subsidiary of RAIN upon closure, expected in February 2027.

RAIN will become a multi-technology holding company with the acquisition, which highlights the importance of securing the infrastructure that powers AI, the company stated. Tensor Networks founder and CEO Eric Frazier will become RAIN’s CEO, and Randy Seidl, current CEO of RAIN, will become RAIN’s President, it said.

RAIN also said it received permission to install and operate the Weather Enhancement Technology Array (WETA) targeting Colorado’s Upper Yampa River Basin for one year. The project is expected to cover up to 192,000 acres and enhance snowpack in winter and rainfall from spring through fall, it stated.

“A second permitted program in Colorado is an important step in showing water managers across the West what the WETA can deliver,” said Mr. Seidl.

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RAIN released preliminary warm-season results from its deployment of the WETA in Utah’s La Sal Mountains, with estimates pointing to more than 20% improvement vs what the site would have been expected to receive without the project.

The findings follow the previous results of winter 2025–26 and bring together two periods indicating the WETA’s effect goes beyond snow season into the spring and summer months, it said.