Raad Labs Closes $2.25 Million Funding Round Led by CoinFund

Raad Labs, a blockchain climate technology company, announced the closing of a $2.25 million funding round led by CoinFund with participation from Tribe, EV3 and Protagonist.
Raad Labs deploys a distributed sensor network to improve climate data measurement and prediction through the DePIN model. The network monitors weather patterns, greenhouse gas emissions, wildfire risk, soil degradation and more.
By utilizing web3 technology, Raad incentivizes sensor operators to generate the high-quality data needed for high-precision environmental management.
In addition, TJ Ragsdale, who co-founded the Entheos Network, a battery storage DePIN protocol, has been named CEO and co-founder of Raad Labs.

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