Blockchain climate tech company Raad Labs completes $2.25 million funding, led by CoinFund

2024-07-31 14:57:34

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ChainCatcher news, according to Businesswire, the blockchain climate technology company Raad Labs announced the completion of a $2.25 million financing round, led by CoinFund, with participation from Tribe, EV3, and Protagonist.

Raad Labs deploys a distributed sensor network through the DePIN model to improve climate data measurement and prediction. The network can monitor weather patterns, greenhouse gas emissions, wildfire risks, soil degradation, and more. By leveraging web3 technology, Raad can incentivize sensor operators to generate high-quality data necessary for high-precision environmental management.

In addition, TJ Ragsdale has been appointed as the CEO and co-founder of Raad Labs; TJ co-founded the battery storage DePIN protocol Entheos Network with others.

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Raad Labs Blockchain Climate Technology Company