Raad Labs
Uses a decentralized network of sensors (DePIN) to improve climate data measurement and forecasting, monitoring weather patterns, greenhouse gas emissions, wildfire risk, and soil degradation.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $2.3m | Seed | |
| Total Funding | 000k | ||
Related Content
Raad Labs is a climatetech company addressing the need for higher-quality environmental data through a decentralized physical infrastructure network (DePIN). The firm was created by the Montauk Climate incubator, which was co-founded by Philip Krim, Evan Caron, and Sharo Atmeh to develop technology companies focused on sustainability. Raad Labs emerged from stealth in July 2024 with a $2.25 million seed funding round led by CoinFund, with participation from Tribe, EV3, and Protagonist.
The company's business model is centered on deploying a distributed network of ground-based sensors to improve the measurement and forecasting of climate data. This network monitors a range of environmental factors, including weather patterns, greenhouse gas emissions, soil degradation, and wildfire risk. By utilizing web3 and blockchain technology, Raad Labs incentivizes a community of sensor operators, referred to as "WEENies" (Weather Enthusiasts), with token-based rewards to generate high-quality, hyper-localized data. This model aims to provide high-fidelity, low-cost data to industries such as insurance, agriculture, utilities, and financial services, as well as to government bodies.
Raad's core service is providing this granular environmental data to clients for applications like monitoring, predictive modeling, and utility service delivery. A key focus is improving wildfire risk modeling by providing structured, localized data on soil moisture and acidity from sensors placed in high-risk zones, enabling preventative measures. Future applications are expected to include providing datasets for large language models (LLMs), AI, and methane detection. The company is led by CEO and co-founder T.J. Ragsdale, who brings relevant experience from his previous role as co-founder of Entheos Network, a battery storage DePIN protocol.
Keywords: climatetech, DePIN, decentralized physical infrastructure, environmental data, weather data, blockchain, web3, sensor network, wildfire risk modeling, soil moisture data, climate data measurement, tokenization, environmental monitoring, insuretech, agritech, climate finance, T.J. Ragsdale, Montauk Climate, CoinFund