From Investing.com: 2024-05-07 13:30:45

Ambient, a decentralized network of environmental sensors, successfully raised $2 million in seed funding led by Borderless Capital. The network currently operates in over 20 countries, providing real-time data every 5 minutes to address issues like climate change and air pollution. Ambient aims to expand globally and engage individuals in monitoring and reporting environmental data.

With climate change and air pollution as pressing issues, the demand for accurate environmental monitoring is projected to reach $40 billion by 2030. Ambient’s DePIN model allows for real-time data collection, aiding in sustainable development, health risk management, and informed decision-making across various sectors. The network offers a platform for individuals to deploy sensors and participate in environmental monitoring.

Borderless Capital, a Web3 investment firm, led the recent funding round for Ambient. The firm focuses on supporting innovative technologies that enable value creation without borders. Borderless has been involved in over 200 protocols/companies and plays a key role in advancing Web3 communities. By investing in projects like Ambient, Borderless aims to drive transformative change through decentralized technologies.

Read more at Investing.com: Ambient Secures $2 Million to Scale Up DePIN for Environmental Monitoring Globally By Chainwire