peaq
Assembly Line
peaq raises $15 million in pre-launch funding
peaq has raised $15 million in a multi-tranche funding round that kicked off last autumn, led by Generative Ventures and Borderless Capital. Other major players joining the rocketship include CMCC Global, Spartan Group, HV Capital, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth, LBank Labs, Protein Capital, Token Metrics, and others. In 2023, peaq also powered a live demo of peer-to-peer parking at IAA MOBILITY in Munich together with the Bosch-led Gaia-X moveID project, which also includes such companies as Airbus, Continental, and DENSO. As further collaboration with Bosch and Fetch.ai, peaq also presented an all-around AI-powered sensor hub for DePINs. DePIN stands for Decentralized Physical Infrastructure Networks. These apps use tokens to incentivize people to direct or deploy hardware to build real-world physical infrastructure networks.