Chinese blockchain company Ultrain raises $20m from VCs, crypto funds

Chinese blockchain company Ultrain raises $20m from VCs, crypto funds

Cryptocurrency mining machines sit in operating racks at the home of Dmitry Gutov, a Russian cryptocurrency 'miner,' in Krasnogorsk, Russia, on Thursday, Sept. 7, 2017. Photographer: Andrey Rudakov/Bloomberg

Ultrain, a public-blockchain technology venture from China, has raised an investment round of $20 million from a number of venture capital firms and crypto funds including Danhua Capital (DHVC), Sky9 Capital, FBG Capital, Ceyuan Venture and 8 Decimal Capital, the company said in a release.

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