PlanetWatch aims to revolutionize air quality monitoring by decentralizing, incentivizing, and gamifying the process. Through a partnership with a blockchain and a leading research center, the company plans to build an immutable global air quality ledger. The current state of air pollution, identified as the fourth largest health risk globally, underscores the pressing need for improved monitoring. Traditional methods relying on limited, expensive instruments fail to provide real-time data and widespread coverage. In response, PlanetWatch proposes utilizing a network of fixed and mobile sensors, coupled with public participation, to create a dense, cost-effective surveillance system capable of generating real-time data. The company, founded in 2020 and based in France, has secured a €3.00M Convertible Note investment from Algorand, Borderless Capital, and the Algorand Foundation at 26 January 2023. This strategic backing positions PlanetWatch to address a critical global environmental challenge, promising potential for considerable impact and growth within the Big Data, Blockchain, and IoT sectors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Convertible Note | €3.00M | 3 | 26 Jan 2023 | |
Debt Financing | Unknown | - | 26 Jan 2023 | |
Grant | $6.00M | 5 | Meld ventures | 23 Nov 2021 |
Seed Round | €1.05M | - | 22 Jul 2021 | |
Debt Financing | €350.00K | - | 02 Sep 2020 |
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