According to Foresight News, blockchain climate technology company Raad Labs has announced the completion of a $2.25 million funding round. The investment was led by CoinFund, with participation from Tribe, EV3, and Protagonist. The funds will be used to develop breakthrough technologies and enable individual contributions to the Raad Labs network.

Raad Labs is deploying a distributed sensor network through the DePIN model to improve climate data measurement and prediction. This network is capable of monitoring weather patterns, greenhouse gas emissions, wildfire risks, and soil degradation.