Blockchain

Nubila Kickstarts Fundraising Round Led by IoTeX, VeChain and Other Leading Investors

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    San Francisco, United States, July 1st, 2024, Chainwire

     

    Nubila, a leading data oracle specializing in accurate and actionable Environmental, Social, and Governance (ESG) data for the Decentralized Physical Infrastructure Network (DePIN) ecosystem, has kicked off its fundraising round. The on-going round is led by IoTeX and VeChain + Boston Consulting Group, with the participation from OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures and Genopets, Nubila has raised $2.5 million to date.

    This significant investment underscores the industry’s recognition of Nubila’s potential to leverage AI and tokenization to empower decision-making, drive sustainable development, and build financial products with ESG data.

    “At Nubila, we are committed to building the infrastructure for the MachineFi revolution, serving as the ‘data sensor layer’ for our planet,” said Ben, the founder of Nubila. “Our vision is to create a comprehensive network of advanced weather stations and sensors that capture critical environmental data. Integrating real-time ESG data into an increasing number of AI models, such as Microsoft’s recently released Aurora atmospheric model, will enhance ESG assessments and drive more informed and sustainable decision-making across industries. With this funding, we are poised to scale our operations and expand our global reach, ensuring that we contribute significantly to the sustainability and well-being of our planet.”

    The funds will be strategically used to scale Nubila’s operations, further develop its cutting-edge ESG Data Oracle, and pursue key strategic goals. These initiatives include enhancing data accuracy, expanding the network’s reach, increasing user engagement, and the awareness of sustainability investment.

    “Nubila is at the forefront of leveraging DePIN and AI to transform ESG data management,” said Raullen Chai, Founder of IoTeX. “Their approach to creating a decentralized ESG network of community-owned IoT devices, delivering hyperlocal weather data to enhance predictions for various industries is revolutionary. By providing actionable environmental data, Nubila is not only enhancing ESG assessments but also enabling more informed and sustainable decision-making across various industries. We are excited to support their mission and look forward to seeing the significant impact they will make on the sustainability landscape.”

    This network features advanced weather stations, the only ones equipped with high-precision sensors and cameras, dedicated to gathering detailed environmental data for accurate ESG assessments. To date, Nubila has deployed 16,000 stations worldwide, collectively capturing over 100TB in weather data.

    About Nubila

    Headquartered in San Francisco, Nubila is a pioneer in the Environmental, Social, and Governance (ESG) data sector, dedicated to transforming sustainability initiatives through innovative solutions. By building the largest ESG Data Oracle within the DePIN ecosystem, Nubila leverages AI and ESG tokenization to empower decision-making, drive sustainable development and build financial products.

     

    Contact

    Marketing Head
    Darren Goh
    Nubila
    [email protected]

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    CompoSecure Earns Sustainability Silver Medal from EcoVadis for Second Consecutive Year, Placing in the Top 15% of Companies Globally

    2024-10-03T12:00:00Z

    Strengthened commitment to sustainability practices results in a 7-point improvement Year-over-Year

    SOMERSET, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, was awarded a Silver Medal by EcoVadis, a globally recognized leader in business sustainability ratings, for the second consecutive year. This accolade places CompoSecure in the top 15% of companies globally and highlights its commitment to sustainability through its environmental, social, and governance (ESG) practices.

    CompoSecure is honored to have earned a second EcoVadis Silver Medal, a testament to our relentless drive for environmental progress,” said Greg Maes, COO of CompoSecure. “This achievement reflects the dedication of our employees, whose efforts each day propel us forward in our mission to enhance our ESG practices. We are grateful for their commitment and excited to continue making a positive impact.”

    CompoSecure’s received a 67 in 2024 versus 60 in 2023, demonstrating significant progress in integrating ESG principles into its operations. The company's performance was assessed by EcoVadis across four critical categories, including environment, labor & human rights, ethics, and sustainable procurement. This year, EcoVadis updated its benchmarking methodology, which the Company believes makes the score improvement even more impressive.

    Key ESG Highlights Contributing to the Silver Medal:

    • Environment: CompoSecure has expanded its use of recycled materials in its metal payment cards, which are made from 65% post-consumer recycled stainless steel, reducing environmental impact.
    • Labor & Human Rights: CompoSecure maintains fair labor practices and safe, inclusive working conditions across its operations, prioritizing the well-being of its workforce.
    • Ethics: The company aligns its ethical practices with global corporate responsibility and transparency standards.
    • Sustainable Procurement: CompoSecure upholds high standards for sourcing and procurement.

    EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. With global, trusted and actionable ratings, businesses of all sizes rely on EcoVadis’ detailed insights to comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 220 industries in 180 countries. More than 130,000 companies globally have been rated by EcoVadis. EcoVadis’ business sustainability ratings are based on international sustainability standards such as the Ten Principles of the UN Global Compact, the International Labour Organization (ILO) conventions, the Global Reporting Initiative (GRI) standards and the ISO 26000 standard. The ratings provide an evidenced-based analysis on performance and an actionable roadmap for continuous improvement.

    About CompoSecure

    Founded in 2000, CompoSecure (Nasdaq: CMPO) is a technology partner to market leaders, fintechs and consumers enabling trust for millions of people around the globe. The company combines elegance, simplicity and security to deliver exceptional experiences and peace of mind in the physical and digital world. CompoSecure’s innovative payment card technology and metal cards with Arculus security and authentication capabilities deliver unique, premium branded experiences, enable people to access and use their financial and digital assets and ensure trust at the point of a transaction. For more information, please visit www.CompoSecure.com and www.GetArculus.com.

    For CompoSecure

    Anthony Piniella
    Head of Communications 
    (917) 208-7724
    [email protected]

    Sean Mansouri, CFA
    Elevate IR
    (720) 330-2829
    [email protected]


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