London, United Kingdom, May 7, 2024, Chainwire
With a new investment round led by Borderless Capital, The Environmental Data DePin, Eyes Launch and Global Market Expansion Ambient, the world's largest decentralized network of environmental sensors and environmental data, today announced the successful closing of a seed funding round of $2 million oversubscribed. This round was led by Borderless Capital, with participation from Solana Ventures, Parami Investors, Sonic Boom Ventures and Primal Capital, among others.
Accurate data is crucial to addressing the challenges of climate change and air pollution, which is the leading environmental cause of disease and premature death. And while demand for detailed environmental monitoring is projected to reach $40 billion by 2030, there is a tremendous shortage of localized, real-time data available for most of the world. Using the DePIN model, Ambient has become the fastest growing decentralized network of climate and environmental sensors in over 20 countries with real-time data streaming every 5 minutes.
“The environment is positioned to become an indispensable resource as global citizens increasingly seek to understand their environmental conditions and organizations require more accurate data to make strategic decisions. Backed by industry leaders, our network of sensors distributed and incentivized drives environmental sustainability and positive impact on a global scale,” said Luca Franchi, co-founder and CEO of Ambient.
- Monitoring the impact on air quality of climate changes, forest fires and industrial activities.
- Helping the development of sustainable buildings and smart cities
- Improve insurance underwriting processes
- Manage health risks more effectively
- Improve marketing and advertising decisions through weather-based data
- Address essential considerations in the banking and financial sectors
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“It's hard to imagine how we will scale fast enough to meet the demands for reliable environmental data collection without innovative DePIN-aligned networks like Ambient. While some solutions leverage ML-based models to simulate air quality and other environmental information, there is no substitute for more local, real-time data collection. “Ambient is demonstrating how it can achieve this globally through shared ownership and built-in economic rewards,” said Alpen Sheth, partner at Borderless Capital.
Ambient's reimagined platform will allow people to join the network, deploy sensors, and even use their smartphones to monitor and report environmental data and earn rewards.
To access the Ambient Dataflow API, users can visit
About the environment
Ambient is at the forefront of decentralized environmental monitoring, harnessing the power of its vast sensor network to deliver actionable environmental data in real time. Using distributed technologies and a community-focused engagement model, Ambient not only improves environmental awareness but also drives impactful change around the world. Ambient Network is operated by the Cayman Foundation company that bears its name, dedicated to network decentralization, adoption and security.
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About Without Borders
Borderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of breakthrough technologies that will enable borderless value creation. Borderless is made up of a team of builders, partners and investors who take a long-term perspective and strive to unleash the full potential of community-driven open networks. Since 2018, Borderless has invested in over 200 protocols/companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in developing some of the largest and most innovative Web3 communities. Borderless has been a pioneer in DePIN, launching the first dedicated fund in 2021 and investing in over 35 DePIN projects since then. For more information, users can visit their website at: www.borderlesscapital.io
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ContactDirector of Public RelationsKarla Vilhelemmarket waves[email protected]
This article was originally published on Chainwire.
