Nubila raises $2.5 million from investors to improve ESG data with AI technology.

From Investing.com: 2024-07-01 06:00:35

Nubila, a data oracle specializing in ESG data for DePIN, has started a fundraising round led by IoTeX and VeChain + Boston Consulting Group. The company has raised $2.5 million to date from various investors.

The investment highlights Nubila’s potential to use AI and tokenization to improve decision-making, sustainable development, and financial products with ESG data. Nubila aims to create a network of weather stations to enhance ESG assessments and drive informed decision-making.

Nubila plans to use the funds to scale operations, develop its ESG Data Oracle, and achieve strategic goals like enhancing data accuracy, expanding the network, and increasing user engagement. IoTeX founder praises Nubila’s innovative approach to decentralized ESG network and actionable environmental data.

Nubila’s network includes advanced weather stations with high-precision sensors and cameras, capturing over 100TB of weather data worldwide. The company aims to revolutionize ESG data management and enable more informed and sustainable decision-making across industries.

Headquartered in San Francisco, Nubila is committed to transforming sustainability initiatives through innovative ESG solutions within the DePIN ecosystem. Contact Marketing Head Darren Goh at Nubila for more information.

Read more at Investing.com: Nubila Kickstarts Fundraising Round Led by IoTeX, VeChain and Other Leading Investors By Chainwire