Ambient, a Solana-based decentralized physical infrastructure network (DePIN) focused on collecting environmental data, has raised $2 million in a seed funding round. 

Borderless Capital led the round, with Solana Ventures, Parami Investors, Sonic Boom Ventures, Primal Capital and others participating, Ambient said Tuesday.

Ambient started raising for the round in February and closed it in April, co-founder and CEO Luca Franchi told The Block. The round was structured as a simple agreement for future equity (SAFE) with token warrants, Franchi said, declining to comment on the valuation.

Ambient acquires PlanetWatch

Ambient was formed in January of this year. In March, it acquired PlanetWatch, an Algorand-based DePIN project focused on environmental data, and decided to migrate to …