The round was led by CoinFund with participation from Tribe, EV3, and Protagonist. Raad Labs improves climate data measurement and forecasting by deploying a distributed network of sensors through a DePIN (Decentralized Physical Infrastructure Networks) model. The blockchain-enabled network monitors weather patterns, greenhouse gas emissions, wildfire risk, soil degradation, and more. By leveraging web3 technology, Raad effectively incentivizes sensor operators to generate the high-quality data needed for high-accuracy environmental management.

Raad Labs is dedicated to revolutionizing the collection and utilization of weather data through a decentralized network of sensors. By leveraging web3 and blockchain technology and a DePIN model, Raad Labs aims to provide high-quality, cost-effective weather data to various industries while offering income opportunities for sensor installers.