Metaplanet invests in Web3 climate analysis network WeatherXM and neurotechnology company Neurable
Jaan Tallinn’s fund Metaplanet has invested in the Greek Web3 climate analysis network WeatherXM and the US neurotechnology company Neurable.
WeatherXM has raised $7,7M in Series A funding led by Lightspeed Faction VC. In addition to Metaplanet, Zurich-based Protocol Labs, US Web3 investment manager Borderless Capital, asset management firm Arca, Alumni Ventures, VC Placeholder, Red Beard Ventures, GS Futures, accelerator and investor Consensys Mesh, Westerly Ventures, venture studio dlab, and some business angels also participated.
Founded in Athens in 2012 by Manolis Nikiforakis, Stratos Theodorou, and Nicolas Tsiligaridis, WeatherXM is a decentralized network of weather stations. The network rewards station owners who are collecting and sharing local weather data through systems built on the blockchain.
The company has developed a WS2000 Helium-LoRaWAN autonomous weather station that connects to a nearby Helium-LoRaWAN gateway. The station collects local ground weather information and is monitored by volunteers who are compensated with WeatherXM’s crypto token, $WXM. The data collected is available to anyone for free personal use, with paid-for offerings for Web2 and Web3 businesses that wish to use it commercially. The company has already deployed 5K of its weather stations in over 80 countries.
WeatherXM will use the investment to increase headcount and expand its network to begin monetizing its commercial users.
Neurable has raised $13M from US-based Ultratech Capital Partners, TRAC, Berlin-based Pace Ventures, and Metaplanet.
Founded in 2015 by Adam Molnar, Ramses Alcaide, and James Hamet as a University of Michigan spinout, Neurable develops AI-powered tools for brain signal translation and brain-computer interface technology. The platform enables brain-computer interfaces in everyday devices. Neurable is dedicated to creating a world where individuals can overcome physical and mental limitations through innovative neurotechnology solutions.
For instance, the company designed headphones MW75 Neuro. The user can connect them to the Neurable app and start focus sessions, receive personalized break recommendations, review focus measurements, and receive insights to improve focus habits. When the brain is focused, it produces unique brainwaves that MW75 Neuro can detect using Neurable proprietary focus algorithm. Neurable has built algorithms that identify patterns in your brainwaves. If you're focused, MW75 Neuro sees different patterns than if you're not focused.
Metaplanet Holdings is an early-stage investment firm of Skype’s founder Jaan Tallinn. It has more than 160 companies in its venture investment portfolio.
