Nubila Kickstarts Fundraising Round Led by IoTeX, VeChain and Other Leading Investors

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As a crypto investor with a strong interest in sustainability and Decentralized Finance (DeFi), I’m thrilled to see Nubila, the leading data oracle specializing in accurate and actionable ESG data for the DePIN ecosystem, secure significant funding from prominent industry players. The recognition of Nubila’s potential to leverage AI and tokenization to empower decision-making, drive sustainable development, and build financial products with ESG data is a testament to the growing importance of sustainability in our digital economy.

San Francisco, United States, July 1st, 2024, Chainwire

As a crypto investor, I’m excited to share that Nubila, the premier data oracle provider focusing on precise and valuable Environmental, Social, and Governance (ESG) information for the Decentralized Physical Infrastructure Network (DePIN), has commenced its fundraising campaign. This round is spearheaded by IoTeX and VeChain, in collaboration with Boston Consulting Group. Notable investors such as OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures, and Genopets have also joined the cause. So far, Nubila has successfully secured $2.5 million in investments.

This substantial investment highlights the industry’s belief in Nubila’s ability to harness AI and tokenization to enhance decision-making, promote eco-friendly growth, and construct finance solutions incorporating ESG information.

Ben, founder of Nubila, shared their dedication: “At Nubila, we’re focused on constructing the foundation for MachineFi’s future, acting as the ‘environmental data hub’ for Earth.” Our goal is to establish a vast network of sophisticated weather stations and sensors, gathering essential environmental information. By merging real-time ESG data into an escalating array of AI models, such as Microsoft’s newest Aurora atmospheric model, we aim to upgrade ESG evaluations, fostering wiser and eco-friendly choices in various sectors. With this investment, we are prepared to amplify our influence and broaden our presence worldwide, making substantial strides towards Earth’s sustainability and prosperity.”

Nubila’s operations will be expanded and its advanced ESG Data Oracle will be further refined using the allocated funds. Additionally, we will work towards achieving crucial objectives such as improving data precision, broadening our network, boosting user interaction, and promoting the importance of sustainable investments.

Raullen Chai, IoTeX’s Founder, remarked, “Nubila is leading the charge in utilizing DePIN and AI technology to revolutionize Environmental, Social, and Governance (ESG) data management. Their innovative strategy involves building a decentralized ESG network powered by community-owned Internet of Things (IoT) devices, which supplies hyperlocal weather data to refine predictions for numerous industries. By offering practical environmental information, Nubila not only improves ESG evaluations but also empowers more educated and sustainable choices in various sectors. We’re thrilled to back their endeavor and anticipate the substantial change they will bring about in the sustainability sector.”

As an analyst, I would describe it this way: I’m part of a network that boasts cutting-edge weather stations, the sole possessors of high-precision sensors and cameras. Our primary role is to meticulously collect extensive environmental data for precise Environmental, Social, and Governance (ESG) evaluations. To date, Nubila has successfully installed 16,000 such stations across the globe, amassing an impressive 100TB in weather-related data.

About Nubila

Based in San Francisco, Nubila leads the way in the Environmental, Social, and Governance (ESG) data industry. Committed to revolutionizing sustainability efforts, this pioneering company employs groundbreaking methods. By constructing the most extensive ESG Data Oracle within the DePIN network, Nubila harnesses AI technology and ESG tokenization to bolster decision-making processes, foster sustainable growth, and create financial instruments.

Contact

Marketing Head
Darren Goh
Nubila
marketing@nubila.ai

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2024-07-01 13:42