Hemi Labs, a start-up co-founded by former Bitcoin core developer and co-founder of Bloq, Jeff Garzik, has raised $15 million in its first round of funding. Binance Labs, Breyer Capital and Big Brain Holdings led the round in the firm, which says it plans to combine the powers of Bitcoin and Ethereum into one “supernetwork.”
Hemi Labs launched in July at this year’s Bitcoin Conference in Nashville, touting a novel technology that integrates Bitcoin within an Ethereum Virtual Machine. The goal is to allow Ethereum’s smart contracts to communicate directly with Bitcoin, bridging a gap in the technology that has existed since its inception.
