Nubila Launches Fundraising Round Led by IoTeX, VeChain, and Other Prominent Investors

San Francisco, United States, July 1st, 2024

Nubila, a prominent data oracle focused on providing accurate and actionable Environmental, Social, and Governance (ESG) data for the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has launched a new fundraising round. This ongoing round is led by IoTeX and VeChain in collaboration with Boston Consulting Group, with contributions from several 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. Thus far, Nubila has successfully raised $2.5 million.

This substantial investment reflects the industry’s acknowledgment of Nubila’s ability to utilize AI and tokenization in empowering decision-making, promoting sustainable development, and formulating financial products based on ESG data.

"At Nubila, we are dedicated to constructing the infrastructure for the MachineFi revolution, serving as the ‘data sensor layer’ for our planet," stated Ben, the founder of Nubila. "Our goal is to create a comprehensive network of sophisticated weather stations and sensors that collect essential environmental data. By integrating real-time ESG data into an expanding array of AI models, including Microsoft’s recently released Aurora atmospheric model, we aim to enhance ESG assessments and enable more informed and sustainable decision-making across various industries. With this funding, we are ready to scale our operations and broaden our global impact, significantly contributing to the sustainability and well-being of our planet.”

The raised funds will be utilized strategically to expand Nubila’s operations, further develop its cutting-edge ESG Data Oracle, and pursue key strategic initiatives. These efforts will focus on improving data accuracy, extending the network’s outreach, increasing user engagement, and raising awareness of sustainability investment.

"Nubila is at the cutting edge of utilizing DePIN and AI to revolutionize ESG data management," remarked Raullen Chai, Founder of IoTeX. "Their innovative approach to establishing a decentralized ESG network of community-owned IoT devices, supplying hyperlocal weather data, is groundbreaking. By providing actionable environmental data, Nubila is not only refining ESG assessments but also facilitating better-informed and sustainable decision-making across multiple sectors. We are thrilled to support their mission and are eager to witness the substantial impact they will have on the sustainability landscape.”

Nubila’s network comprises advanced weather stations, uniquely equipped with high-precision sensors and cameras to gather detailed environmental data for precise ESG assessments. To date, Nubila has deployed 16,000 stations worldwide, collectively capturing over 100TB of weather data.

About Nubila
Based in San Francisco, Nubila is a trailblazer in the ESG data sector, committed to transforming sustainability initiatives through innovative solutions. By constructing the largest ESG Data Oracle within the DePIN ecosystem, Nubila harnesses the power of AI and ESG tokenization to enhance decision-making, stimulate sustainable development, and create financial products.

Contact
Marketing Head
Darren Goh
Nubila
[email protected]