Nubila network, a leading ESG data oracle, has announced the start of its official funding round - The project has already received commitments to the tune of $2.5 million, and from a host of impressive investors.

Nubila is a blockchain data oracle with a difference… It specializes in providing seamless, real-time data for the Environmental, Social and Governance (ESG) sector, and it does so by harnessing the power of DePIN and AI.

"At Nubila, we are committed to building the infrastructure for the MachineFi revolution, serving as the 'data sensor layer' for our planet...Our vision is to create a comprehensive network of advanced weather stations and sensors that capture critical environmental data”

… said Nubila founder, Ben…

“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”

A $2.5 Million Headstart…

The ongoing round has not only secured a full $2.5 million in advance, but has also cleared the hurdle of finding a lead investor. The round is co-led by three firms in IoTeX, VeChain, and Boston Consulting Group (BCG).

Commitments have also been made by other leading investors, such as:

• MH Ventures
• OrangeDAO
• Future Money Group
• SNZ Capital
• DePINsurf
• Kronos Research
• Taisu Ventures
• Bytetrade
• WaterDrip
• Deepin Lab
• Assembly Partners
• Cyber
• Radiance Ventures
• Genopets

According to a release on Cointelegraph, Nubila’s funding will be put towards the development of its crucial data oracle, as well as scaling the company’s operations more broadly. 

To learn more about Nubila, make sure to visit the project’s official website at https://nubila.ai/ and follow Nubila on X.