Web3 Climate Analytics Platform WeatherXM Secures $7.7M in Series A Funding
CryptoNewsTerminal Staff22 May, 2024
Web3 Climate Analytics Platform WeatherXM Secures $7.7M in Series A Funding
Web3 climate analytics network WeatherXM has raised $7.7 million in Series A funding, led by Lightspeed Faction. Borderless Capital, Protocol Labs, Placeholder VC, and GS Futures also participated in the round. The funds will be used to accelerate the development of WeatherXM's platform, which provides real-time weather data and insights for businesses and individuals. The company's mission is to make climate data more accessible and actionable, helping organizations make informed decisions about their environmental impact. WeatherXM's platform leverages blockchain technology to ensure data integrity and transparency. The company plans to use the funding to expand its team, develop new products, and scale its operations. This investment highlights the growing demand for Web3 solutions in the climate tech sector. As the world faces increasingly extreme weather events, businesses and governments are looking for ways to mitigate their environmental impact and adapt to the changing climate. WeatherXM's platform can play a vital role in this by providing accurate and timely data that can help decision-makers take informed action.
