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International Business Times

Business

Marvie Basilan

Hemi Labs raises $15M to launch blockchain that unifies 'king and queen of crypto'

Hemi Bitcoin blockchain Satoshi Nakamoto Crypto Ethereum Binance Labs United States

Hemi Network brings out the best in the Bitcoin and Ethereum networks to deliver a supernetwork designed for superior scaling, security, and interoperability. (Credit: Hemi Network on X)

KEY POINTS

The latest funding round was led by Binance Labs, Breyer Capital, and Big Brain Holdings
The Hemi Network merges the best capabilities of both Bitcoin and Ethereum
Hemi Labs was co-founded by Jeff Garzik, a core $BTC developer and close collaborator of Satoshi Nakamoto

Hemi Labs today announced it raised $15 million in an investment round led by Binance Labs, Breyer Capital and Big Brain Holdings. The funding marks a significant milestone in Hemi's development of the modular blockchain Hemi Network, which is powered by both Bitcoin and Ethereum.

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