Solana DePIN Ambient Raises Funds Ahead of Token Launch, Acquires PlanetWatch

Ambient, a Solana-based SOL/USD decentralized physical infrastructure network (DePIN) focused on collecting environmental data, has raised $2 million in a seed funding round. Borderless Capital led the round, with Solana Ventures, Parami Investors, Sonic Boom Ventures, Primal Capital and others participating, Ambient said Tuesday. Ambient started raising for the round in February and closed it in April, co-founder and CEO Luca Franchi told The Block. The round was structured as a simple agreement for future equity (SAFE) with token warrants, Franchi said, declining to comment on the valuation.

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