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Blockchain Startup 5ire Turns Unicorn After Raising $100 Million in Series A

2022-07-16
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5ire, a fifth-generation level 1 blockchain network, has raised $100 million in Series A funding from UK-based conglomerate SRAM & MRAM. It is claimed that the investment makes 5ire the fastest growing blockchain unicorn in India and the only sustainable blockchain unicorn in the world, valued at $1.5 billion. The fund raised will be utilized for business expansion and extending 5ire's footprint across three continents including Asia, North America and Europe, with India as the hub of operations and core area of focus.

Company handout

"We are on a mission to embed sustainability into blockchain and shift the current paradigm from 'for-profit' to 'for-benefit'. The 5ire team has worked round-the-clock to develop a platform that combines both technology and processes for the benefit of humankind. We are humbled by the trust shown in 5ire by the SRAM & MRAM group and thrilled to find a partner who also wants to promote the transition of the world from the fourth industrial revolution to the fifth industrial revolution," said Pratik Gauri, CEO and founder, 5ire.

5ire empowers decentralized autonomous organizations and working groups to help accelerate the implementation of the UN's 17 SDG goals. 5ire will continue to invest in strengthening its blockchain further and work towards ensuring this decentralized technology benefits a larger base globally. Additionally, 5ire aims to hire the best talent in the industry across functions like product, engineering and marketing, claimed by the company in a statement.

"We have great confidence in moving forward with investments in sustainable technologies. As a scientist, I have always believed in finding better ways to do things and 5ire is committed to find solutions for the 17 UN sustainability development goals. We are assured in the abilities of the leadership team at 5ire and wish them all the very best," said Dr Sailesh Lachu Hiranandani, chairman, SRAM & MRAM group.

Founded by Pratik Gauri, Prateek Dwivedi and Vilma Mattila, in 2021, the missions of the 5ire ecosystem are to embed a for-benefit paradigm at the heart of blockchain, highly incentivize practices that align with the United Nations sustainable development goals (SDG), facilitate the transition from 4IR to 5IR, and accelerate the implementation of the UN 2030 agenda for sustainable development.

参考译文
初创公司5ire在A轮融资1亿美元后转型独角兽
5ire是第五代区块链级网络公司,在a轮融资中从英国企业集团SRAM &MRAM。据称,这项投资使5ire成为印度增长最快的区块链独角兽,也是世界上唯一可持续发展的区块链独角兽,估值达15亿美元。筹集的资金将用于业务扩张,并将5ire's的足迹扩展到亚洲、北美和欧洲三大洲,印度是运营中心和重点关注的核心地区。我们的使命是将可持续发展嵌入区块链,并改变当前的模式,从盈利'& # 39; for-benefit& # 39;。5ire团队夜以继日地工作,开发了一个结合了技术和流程的平台,以造福人类。我们对SRAM &MRAM集团,很高兴能找到一个同样想推动世界从第四次工业革命向第五次工业革命转型的合作伙伴,"5ire首席执行官兼创始人Pratik Gauri说。5ire授权分散的自治组织和工作组帮助加速执行联合国的17项可持续发展目标。5ire将继续投资加强区块链,并努力确保这种分散的技术惠及全球更大的基础。此外,5ire在一份声明中声称,公司的目标是雇佣行业中最好的人才,如产品、工程和营销等职能。我们对可持续技术的投资有很大的信心。作为一名科学家,我一直坚信要找到更好的做事方式,5ire致力于为联合国17项可持续发展目标找到解决方案。我们对5ire领导团队的能力充满信心,并祝愿他们一切顺利,"SRAM &MRAM组。5ire生态系统由Pratik Gauri、Prateek Dwivedi和Vilma Mattila于2021年创立,其使命是在区块链的核心嵌入利益范式,高度激励符合联合国可持续发展目标(SDG)的做法,促进从4IR向5IR过渡,并加快落实联合国2030年可持续发展议程。
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