According to Odaily Planet Daily, the DePIN oracle project Nubila announced the launch of a new round of financing, led by IoTeX and VeChain + Boston Consulting Group, with participation from OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures and Genopets. Nubila has raised $2.5 million so far.
The new funding will be used strategically to scale Nubila’s business, further develop its ESG data oracle, and achieve key strategic goals. These initiatives include improving data accuracy, expanding network coverage, and increasing user engagement and awareness of sustainable investing.