San Francisco, United States, July 1st, 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 on-going round
is led by IoTeX and VeChain + Boston Consulting Group, with the
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
build 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, the founder of Nubila.
"Our vision is to create a comprehensive network of advanced
weather stations and 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 enhance ESG assessments and drive more informed and
sustainable decision-making across industries. With this funding,
we are poised to scale our operations and expand our global reach,
ensuring that we contribute significantly to the sustainability and
well-being of our planet.”
The funds will be strategically used to scale Nubila’s
operations, further develop its cutting-edge ESG Data Oracle, and
pursue key strategic goals. These initiatives include enhancing
data accuracy, expanding the network’s reach, increasing user
engagement, and the awareness of sustainability investment.
"Nubila is at the forefront of leveraging 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
enhance predictions for various industries is revolutionary. By
providing actionable environmental data, Nubila is not only
enhancing ESG assessments but also enabling 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 make on the sustainability
landscape.”
This network features advanced weather stations, the only ones
equipped with high-precision sensors and cameras, dedicated to
gathering detailed environmental data for accurate ESG assessments.
To date, Nubila has deployed 16,000 stations worldwide,
collectively capturing over 100TB in weather data.
About Nubila
Headquartered in San Francisco, Nubila is a pioneer in the Environmental, Social, and
Governance (ESG) data sector, dedicated to transforming
sustainability initiatives through innovative solutions. By
building the largest ESG Data Oracle within the DePIN ecosystem,
Nubila leverages AI and ESG tokenization to empower
decision-making, drive sustainable development and build financial
products.
Contact
Marketing
Head
Darren
Goh
Nubila
marketing@nubila.ai