According to BlockBeats, Coral, a company focused on blockchain and AI climate technology, has successfully completed a $3 million pre-seed funding round as of September 27. The company has opted not to disclose details regarding its investors or valuation at this time.

The newly raised funds will facilitate Coral’s expansion by opening a new office in Abu Dhabi, hiring additional experts, and enhancing its AI platform. Furthermore, the company aims to broaden its operations and improve its blockchain-based carbon emission management platform, which utilizes blockchain technology to ensure comprehensive lifecycle traceability of carbon credits.