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

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.

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
[email protected]