Algorand-based air quality monitoring network PlanetWatch has completed 3 million euros of financing through Simple Agreement for Future Equity (SAFE) and bank loans. Borderless Capital led the investment, and Algorand and the Algorand Foundation participated in the investment. The funds raised will be used to consolidate the business foundation, including Enhance technical infrastructure, develop air quality monitoring network and facilitate business development plans, and prepare for Series A funding later this year. Foresight News noted that PlanetWatch is a start-up company headquartered in France that uses Algorand blockchain, algorithms and air quality sensors to deploy a dense, low-cost air quality monitoring network. Private sector entities provide advanced data products while establishing a global ledger of immutable air quality data.