San Francisco, USA, July 1, 2024, Chainwire
Nubila, a leading data oracle specializing in accurate and actionable environmental, social and governance (ESG) data for the decentralized physical infrastructure network (DePIN) ecosystem, has kicked off its fundraising round. The ongoing round is led by IoTeX and VeChain + Boston Consulting Group, with participation from OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber , Radiance Ventures and Genopets. Nubila has raised $2.5 million to date.
This significant investment underscores the industry’s recognition of Nubila’s potential to leverage AI and tokenization to empower decision-making, drive sustainable development, and create financial products with ESG data.
“At Nubila, we are committed to building the infrastructure for the MachineFi revolution, serving as the 'data sensor layer' for our planet,” said Ben, founder of Nubila. “Our vision is to create a comprehensive network of weather stations and advanced sensors that capture critical environmental data. Integrating real-time ESG data into an increasing number of AI models, such as Microsoft's recently released Aurora atmospheric model, will improve “ESG assessments and drive more informed and sustainable decision-making across industries, we are prepared to scale our operations and expand our global reach, ensuring we contribute significantly to the sustainability and well-being of our planet.”
The funds will be used strategically to expand Nubila’s operations, further develop its innovative ESG Data Oracle (NYSE:) and pursue key strategic objectives. These initiatives include improving data accuracy, expanding network reach, increasing user engagement and raising awareness about sustainability investing.
“Nubila is at the forefront of using DePIN and AI to transform ESG data management,” said Raullen Chai, Founder of IoTeX. “Their approach to creating a decentralized ESG network of community-owned IoT devices, delivering hyperlocal weather data to improve predictions for various industries, is revolutionary. By providing actionable environmental data, Nubila not only improves ESG assessments but also enables more informed and sustainable decision-making across various industries. We are excited to support their mission and look forward to seeing the significant impact they will have on the sustainability landscape.”
This network features advanced weather stations – the only ones equipped with high-precision sensors and cameras – dedicated to collecting detailed environmental data for accurate ESG assessments. To date, Nubila has deployed 16,000 stations worldwide, collectively capturing over 100 TB of weather data.
About NubilaSan Francisco-based Nubila is a pioneer in the environmental, social and governance (ESG) data space dedicated to transforming sustainability initiatives through innovative solutions. By creating the largest ESG data oracle within the DePIN ecosystem, Nubila leverages artificial intelligence and ESG tokenization to empower decision-making, drive sustainable development and create financial products.
ContactMarketing ManagerDarren GohNubile[email protected]
This article was originally published on Chainwire
