Nubila Launches Funding Initiative Supported by IoTeX, VeChain, and Other Top Investors

San Francisco, USA, July 1, 2024, Chainwire

Nubila , a prominent data oracle focused on providing precise and actionable Environmental, Social, and Governance (ESG) information for the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has launched its fundraising campaign. This funding round is spearheaded by IoTeX and VeChain, with involvement from the Boston Consulting Group and other investors including OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures, and Genopets, with a total of $2.5 million raised so far.

This substantial investment highlights the industry's acknowledgment of Nubila's ability to harness AI and tokenization to facilitate decision-making, promote sustainable development, and create financial products backed by ESG data.

At Nubila, we are dedicated to establishing the foundational framework for the MachineFi revolution, acting as the ‘data sensor layer’ for our planet,” expressed Ben, the founder of Nubila. “We aim to construct an extensive network of sophisticated weather stations and sensors that capture vital environmental information. By integrating real-time ESG data into an expanding array of AI models, including Microsoft’s recently launched Aurora atmospheric model, we can significantly improve ESG evaluations and enable more thoughtful and sustainable decision-making in various sectors. This funding empowers us to scale our operations and enhance our global footprint, ensuring we make a meaningful contribution to planetary sustainability and well-being.

The acquired funds will be strategically allocated to boost Nubila’s operations, further advance its innovative ESG Data Oracle, and fulfill key strategic objectives. These actions encompass improving data accuracy, extending the network's footprint, enhancing user engagement, and promoting awareness surrounding sustainable investments.

Nubila is setting the pace in utilizing DePIN and AI to reshape ESG data management, according to Raullen Chai, Founder of IoTeX. “Their innovative strategy focuses on creating a decentralized ESG network comprised of community-owned IoT devices, which provide hyperlocal weather insights to refine predictions across different sectors. By delivering actionable environmental data, Nubila enhances ESG assessments and supports more informed and sustainable choices in various fields. We are thrilled to back their mission and anticipate the significant influence they will wield over the sustainability landscape.

This innovative network includes state-of-the-art weather stations, uniquely equipped with high-precision sensors and cameras, dedicated to collecting comprehensive environmental data for reliable ESG evaluations. Thus far, Nubila has established 16,000 stations globally, amassing over 100TB of weather datasets.

About Nubila

Headquartered in San Francisco, Nubila is at the forefront of the Environmental, Social, and Governance (ESG) data landscape, committed to revolutionizing sustainability efforts through inventive strategies. By developing the largest ESG Data Oracle within the DePIN ecosystem, Nubila employs AI and ESG tokenization to enhance decision-making processes, promote sustainable growth, and create state-of-the-art financial products.

Contact

Marketing Head
Darren Goh
Nubila