WeatherXM Raises $7.7M in Series A Funding
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WeatherXM AG, a startup developing the weather-focused decentralized physical infrastructure network (DePIN) WeatherXM, raised $7.7 million in Series A funding led by Lightspeed Faction. Additional participation in the round came from Protocol Labs, Borderless Capital, Arca, Alumni Ventures, Placeholder VC, Red Beard Ventures, Metaplanet, GS Futures, Consensys Mesh, Westerly Ventures, dlab
After years of experience in the industry, Point Breeze-based cofounder Marshall Darr launched the startup to aid companies with fewer than 10 employees.
The investment will allow CHAMPtitles, part of the entrepreneur's Ownum LLC, to roll out its patent-pending technology designed to reduce the time it takes to transfer vehicle titles, faster and to more users.