5ire is a fifth-generation blockchain network with a mission to bring a shift from for-profit to a for-benefit economy.
5irechain’s main goal is to create a user-centric sustainability-driven ecosystem.
5ireChain was founded in India in 2021 by Pratik Gauri, Prateek Dwivedi, and Vilma Mattila. The company is headquartered in Dubai, and New Delhi, India.
5ire includes 5ireChain, the world’s first sustainable blockchain; 5ire VC, 5ire’s venture capital arm; and 5ire Labs, 5ire’s research and development hub.
5ire uses Machine Learning to track +700 ESG data sources in real-time to form a Sustainability Score for the Validators of the chain.
5ireChain’s transparent on-chain governance mechanism allows everyone to participate in the network democratically, and propose changes which assures a justified fair representation of all the stakeholders.
5ire is backed by Sram and Mram, GEM Global Yield, GGY, Alphabit, Marshland Capital, Launchpool Labs, Moonrock Capital, and others. The company raised $100M in Series A round on Jul 15, 2022. This brings 5ire's total funding to $121M to date. The latest round mints 5ire a unicorn with a valuation of $1.5B post-money.