Wingbits, a decentralized physical infrastructure (DePIN) startup from Stockholm, raised $5.6M in funding, totaling $9.2M to date. The funding round, led by Borderless Capital and Bullish Capital, is a testament to the innovative flight tracking technology Wingbits is developing. Traditional models have relied on uncompensated volunteers for data collection, which Wingbits aims to improve by creating a transparent and collaborative network that values contributors as key stakeholders, potentially revolutionizing efficiency in the aviation data industry.
The current model isn't just exploitative-it's inefficient. We're setting a new standard for transparency and collaboration in aviation. It's about building a network that works better than traditional alternatives while treating contributors as valued stakeholders, who are the backbone of aviation data infrastructure.
Wingbits is a definitive use case for DePIN. They are on track to be the largest airplane tracking network on earth thanks to their well-designed incentives and execution.
We recognised the commitment and ambition of Robin and Alex from the very start of their growth journey. This funding round reflects the quality of the technology they are building, the level of innovation in their business model and the speed at which they are scaling.
The founders set out to create the world's best flight tracking network and the impact Wingbits has already had on the market shows that they are delivering on that vision already.
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