Hemi Labs, a Web3 firm, has successfully raised $15 million in an investment round led by Binance Labs, Breyer Capital, and Big Brain Holdings. The round saw participation from notable investors including Crypto.com, Web3 Ventures, HyperChain Capital, and Alchemy. The funds will accelerate the development of Hemi Network, a scalable and interoperable supernetwork unifying Bitcoin and Ethereum.

The Hemi Network, powered by the Hemi Virtual Machine (hVM), integrates a full Bitcoin node within an Ethereum Virtual Machine (EVM), enabling developers to build smart contracts compatible with both networks. The mainnet rollout is scheduled for Q4.