peaq, a developer of a blockchain for real-world applications and machines, raised $15M in Series A funding.
The round was led by Generative Ventures and Borderless Capital with participation from Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth, and others.
The company intends to use the funds to further expand its ecosystem.
Led by Till Wendler, co-founder, peaq is a global infrastructure company, empowering people to own and earn from mobility, energy, connectivity, environment, agriculture, and digital infrastructure. It is a layer-1 blockchain designed to be the go-to backbone for DePINs (real-world apps), and it is home to more than 20 applications in 8 industries and to the 250,000+ devices, vehicles, machines and robots (Machine RWAs) that run on them. It serves as permissionless, borderless digital infrastructure for increasingly intelligent machines to serve all of humanity, democratizing abundance in the Age of AI and job automation.
It features an array of backend functions for app builders, including Machine IDs, access management, AI agents, device data verification, and more. Its ecosystem includes a variety of supporting tools and services, such as a Machine Tokenization Platform and a DePIN Accelerator in cooperation with Outlier Ventures.
FinSMEs
27/03/2024