PANews reported on September 27 that according to Bitcoin.com, blockchain and AI climate technology company Coral has completed a $3 million Pre-Seed round of financing, and the investor and valuation information will not be announced yet. The new funds will enable Coral to open a new office in Abu Dhabi, hire more experts and improve its artificial intelligence platform, while expanding its business and enhancing its blockchain-based carbon emissions management platform.

According to reports, Coral is a climate technology startup that uses blockchain and artificial intelligence, and its blockchain backend enables "full life cycle traceability" of carbon credits. It also allows real-time audits of offsets to ensure quality and transparency.