Singapore, November 12, 2024 – SkyX, an emerging leader in decentralized weather data collection and AI-based forecasting solutions, announced today the successful completion of its pre-seed funding round. The funding, led by EV3, EOT Ventures and Waterdrip Capital marks a significant milestone in SkyX’s mission to reshape the weather industry through the integration of Web3 technology and artificial intelligence.
SkyX is leveraging decentralized physical infrastructure networks (DePIN) to create a global, community-driven weather network that offers hyperlocal, precise weather data. By enabling individuals to contribute weather data through portable, self-owned weather stations, SkyX plans to democratize weather monitoring, offering contributors the opportunity to earn cryptocurrency rewards in exchange for their data. This decentralized model reduces the reliance on traditional, centralized weather systems and opens up the potential for increased accuracy in regions with limited access to reliable meteorological data.
The completion of this funding round will support SkyX in further expanding its hardware offerings, AI capabilities, and data infrastructure. The funds will be used to accelerate the deployment of portable weather stations and enhance the company’s AI-centric software platform, which transforms raw weather data into actionable insights for various industries, including agriculture, energy, disaster management and smart cities. This initiative aligns with SkyX’s goal of making weather data collection more accessible and engaging for individuals and organizations alike.
Frank Fang, co-founder of SkyX, highlighted the growing importance of decentralized networks in weather forecasting, stating, “The DePIN model offers an innovative solution to the challenges of traditional weather data collection. By crowd-sourcing data from individual stations, we can offer more granular insights at a fraction of the cost. Our platform is designed not just to gather data, but to generate industry-specific insights that add tangible value for users.” The platform also incorporates advanced AI technologies, including SkyXGPT, a conversational bot designed to make complex weather data more understandable for everyday users. Additionally, SkyX’s AI models will focus on quality control, ensuring the accuracy and consistency of the data collected across its global network.
SkyX’s pre-seed funding will also help further the development of its upcoming hardware products, including a portable meteorograph and a commercial-grade weather station with an integrated fisheye camera. These devices will enable users to participate in the network by providing real-time, hyperlocal weather data while benefiting from the associated cryptoeconomic rewards. The company plans to make these products widely available to weather enthusiasts, farmers, and industry professionals who require accurate, up-to-date forecasts for their operations.
“With this funding, we are well-positioned to grow our weather network and refine our AI-driven solutions for the benefit of various sectors,” said Fang. “By combining AI with decentralized data collection, we aim to offer more reliable weather forecasts and contribute to better decision-making in areas such as agriculture, renewable energy, and disaster preparedness.”
SkyX’s decentralized weather network aims to address gaps in global weather data, particularly in remote and underserved regions. By enabling hyperlocal data collection, SkyX seeks to improve forecasting accuracy for both consumers and enterprises. The company’s AI-powered platform will transform raw data into customized weather insights, helping industries optimize their operations and mitigate weather-related risks.
The weather industry stands to benefit from the hyperlocal precision that SkyX’s decentralized model offers. Traditional weather forecasting often relies on broad-stroke predictions that lack the granularity needed for location-specific insights. With SkyX, users can access street-level forecasts, offering a significant improvement over current methods that provide county- or region-wide predictions. This localized data could be invaluable for industries such as agriculture, which depends on accurate weather forecasts to manage resources and protect crops.
In addition to its focus on the consumer and retail markets, SkyX plans to serve enterprises with its AI-driven weather insights platform, providing businesses with detailed weather data that can inform operational strategies, risk management, and supply chain optimization. Industries such as wind power, water conservancy, and smart city infrastructure are among those poised to benefit from the increased accuracy and real-time capabilities of the SkyX network.
SkyX’s long-term vision is to build a global network of weather stations that not only improves the accuracy of weather forecasts but also offers economic benefits to contributors. As part of this mission, the company is exploring partnerships with strategic stakeholders across different sectors to further integrate its weather solutions into various industrial applications.
About SkyX
SkyX is a decentralized weather network that leverages blockchain and AI technology to provide hyperlocal, precise weather data. Through its DePIN model, SkyX enables individuals to contribute data via portable weather stations and earn cryptocurrency rewards. The company’s AI-powered platform transforms raw data into actionable insights for industries such as agriculture, renewable energy, and smart cities. With a focus on democratizing weather data, SkyX aims to build a global network that enhances forecasting accuracy and empowers contributors worldwide.
Website: https://skyxglobal.com/#/
Twitter: www.x.com/skyx_network
