The funding rounds announced this week were dominated by two double-digit rounds. Spexi is the first to announce funding. It’s a DePIN that uses drone images.
Spexi has raised $11.5M in Series A, led by Blockchange Ventures. Two years earlier, the company raised a Seed round.
This firm has developed “an innovative, blockchain-based ‘Fly to Earn’ network” It is a look back at 2017. The company is looking to move forward “the aerial imagery industry by building a scalable global network of drone pilots to capture and deliver frequently updated, data-rich earth, fully standardized imagery to both the public and private sectors — all with near-zero emissions.”
“With our ability to scale rapidly and deliver superior data with near-zero emissions, I am proud that we are not only supporting essential government and emergency response services at a fraction of the usual cost, but also driving the future of AI and metaverse-powered technologies across industries globally,” Bill Lakeland CEO Spexi.
It said that its dataset was being used in the training of AI models.
“Spexi has defined a new category of business by pairing better and cheaper drone imagery with the blockchain’s ability to ensure image integrity. Spexi is not simply replacing existing satellite imaging use cases, but opening entirely new markets in geospatial, insurance, AI, public safety, government, gaming and more,” Ken Seiff of Blockchange said.
Union Labs has announced it raised 12 million dollars in a series A round, led by Gumi Cryptos Capital & Long Hash Capital.
Cross-chain protocols help blockchains to communicate.
Union is independent of centralized entities by using consensus-based verification. This allows it to support assets/ecosystems with a minimum number of trusted actors.
“This, combined with our hyper-efficient zk architecture, allows us to deliver subsecond transfer times between chains,” Union explained.
Additional funding announcements:
- Brighty raised $10 million. Futurecraft Ventures lead the round.
- Yuga Labs purchased Tokenproof’s technology team for an unspecified amount.
- Avant reported that the company raised $6.5m in its seed round. Avalanche, and Superlayer are notable investors.
- Fiamma raised $4 million as part of a seed funding led by Faction, and L2 Iterative Ventures.
- Sekai raised $3.1m in a round of seed funding led by Hashed.
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