5ire raised $100 million in Series A from UK-based conglomerate SRAM & MRAM


5th generation Layer 1 (L1) blockchain network 5ire, raised $100 million in Series A from UK-based conglomerate SRAM & MRAM at $1.5 billion valuation.


5ire is a fifth-generation blockchain ecosystem designed from the ground up with the UN's sustainable development goals in mind. 5ire founder Pratik Gauri stated that the funding is equity-based and will be used for talent acquisition, technology development, and sales and marketing.

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