Wingbits Secures $5.6 Million Funding for Decentralized Flight Tracking

Wingbits, a decentralized physical infrastructure (DePIN) startup, raised $5.6 million in funding, increasing total investments to $9.2 million.

Funding led by Borderless Capital and Bullish Capital.
Parent company of Bullish Capital is Bullish Group, owner of CoinDesk.
Focus on rewards-based flight tracking using cryptographically-secured Automatic Dependent Surveillance–Broadcast (ADS-B) receivers.
Current flight tracking relies on volunteers who provide data through home antennas without compensation.
Companies monetize this data, generating significant revenue for operations.