This week was rife with funding announcements. The biggest came from Andrena, an Internet Service Provider (ISP), which announced its plans to launch a DePIN for decentralized broadband. 

Decentralized Autonomous Wireless Network (DAWN) raised a total of $18 million in a round led by Dragonfly. CMT Digital, Castle Island Ventures and Wintermute Ventures also contributed.* 

“Andrena has been on the forefront of DePIN before the term existed. Since we first backed the firm they have built a significant install base and are perfectly positioned to layer on the DAWN network,” said Castle Island Ventures founding partner Nic Carter. “We are strong believers in the notion that…

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