WeatherXM

Key points

• $12.7 million raised from Faction, Placeholder Ventures, ConsenSys Mesh, Borderless Capital, Protocol Labs and others. The amount does not include the SwissBorg sale.
• More than 5,200 weather stations were deployed in 81 countries in 2 years.
• $WXM Token launched on Arbitrum One (Mainnet) and Ethereum L1.
• Data licences will be auctioned in $WXM.
• WeatherXM is building the world’s largest community-powered weather network, rewarding station owners and providing valuable services to individuals, businesses, and researchers.
• Through this partnership, users can invest in weather stations at a subsidised rate ($500 USD or with WXM payment option on a discounted price at WXM 700). For every station bought, WeatherXM donates another, resulting in a 2-for-1 impact. Investors receive an NFT representing ownership and enjoy rewards for 36 months, in $WXM tokens.
• Our initiative targets deploying 3,000 stations in regions including Mexico, Colombia, Venezuela, Kenya, Uganda, Liberia, South Africa, and Madagascar.

Where can I find out more details about the terms of the deal?
https://content.swissborg.io/legal/weatherxm-machine-licensing-terms/en-us/

Other useful links:

• Investment thesis with FAQ
• Term Sheet
• Check Cyrus' interview with WeatherXM's CEO

If you are interested in buying the WXM token you can find it in the SwissBorg app.

Team

Manolis Nikiforakis

CEO

Stratos Theodoru

CPO

Nikos Tsiligaridis

CTO

Thanos Daskalopoulos

CCO

Nikos Pagkratis

CFO

Funding

Lightspeed Faction

Placeholder Ventures

ConsenSys Mesh

Protocol Labs

Borderless Capital

SOSV

Arca

Redbeard Ventures

Alumni Ventures

Juan Benet

Ele Diakomichalis

Chris Burniske

Partners

Filecoin

Helium

Tableland

The Product

1. Free Mobile App: Live weather data and forecasts. Station management and $WXM rewards for station owners.

2. Tech: Multiple different weather stations with different capabilities. You can find out more details about these devices here.

3. Roadmap - WeatherXM Pro: Paid access to weather data collected through REST API.

4. Roadmap - Web3 Weather Oracle: Enable smart contracts to take actions based on weather events.