According to Foresight News, Daylight, a DePIN project focusing on energy distribution, has completed US$9 million in financing, led by a16z Crypto, with participation from Framework Ventures, Lattice Fund, Escape Velocity and Lerer Hippeau. The Series A financing brings Daylight's total financing to US$13 million, following a US$4 million seed round of financing in the summer of 2022.
Daylight was founded in 2022 by Badeaux, Udit Patel, and Evan Caron, all of whom have backgrounds in the energy industry. Daylight is building a decentralized protocol that allows users to connect their energy devices (such as thermostats, batteries, electric vehicles, and solar inverters) to its app and earn rewards. Daylight offers rewards in the form of points that can be redeemed in the app.