Raad Labs, a NYC-based blockchain climate tech company emerging from the Montauk Climate incubator, raised $2.25m in funding.
The round was led by CoinFund with participation from Tribe, EV3, and Protagonist.
Created by Montauk Climate and co-founded by its principals Philip Krim, Evan Caron, and Sharo Atmeh, and led by newly appointed CEO T.J. Ragsdale, 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.
Current applications of Raad Labs’ technology include monitoring and observation, modeling and forecasting, and utility service delivery. Future opportunities extend to providing data sets for large language models (LLMs), AI applications, and methane detection.
T.J. Ragsdale is bringing extensive experience and vision to lead the company in its mission to enhance global weather data density and accuracy. Prior to Raad, T.J. co-founded Entheos Network, a battery storage DePIN protocol.
FinSMEs
30/07/2024