Billionaire investor, Mark Cuban has backed Decentralized Data Marketplace, dClimate with $3.5 million.
The Dallas Maverick owner also becomes a strategic adviser to the company.
Cuban while talking to Coindesk about his latest investment, expressed excitement.
“There is no reason why there can’t be an AMM [automated market maker] that offers various types of insurance. That is what gets me excited about dClimate,”
dClimate’s Jha said the money generated from Cuban’s investment will be channeled towards hiring staff and improving the company’s operations.
“We’re in build mode,” Jha said. “We’re hiring on the tech side, and adding many features that would be very useful to all sorts of different industries.”