DePIN startup Wingbits completes $5.6 million financing, led by Borderless Capital and Bullish Capital

ChainCatcher news, according to CoinDesk, DePIN startup Wingbits has completed a $5.6 million funding round, led by Borderless Capital and Bullish Capital, bringing Wingbits' total funding to $9.2 million.

Wingbits is a decentralized physical infrastructure (DePIN) startup focused on the aviation industry, aiming to provide reward-based flight tracking services using crypto-secured Automatic Dependent Surveillance–Broadcast (ADS-B) receivers.