A New Era of Public Chain: Ultrain Launches its Mainnet

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Today Ultrain announced the official launch of its mainnet, marking another step forward for the world's leading commercial public chain. This achievement makes Ultrain the first blockchain 3.0 project to launch an operational mainnet. A milestone of such magnitude represents a major breakthrough, not only for Ultrain as a project, but for the blockchain industry as whole.

Ultrain’s core product is providing reliable, secure, and cost-effective trust computing service to both enterprises and individual developers. Ultrain was founded at the end of 2017 by three top business and technology leaders: Ray Guo – the former technical director of Alibaba’s security business group, Emma Liao – former managing director of Golden Brick Capital, head of IOT for Qihu360, also a seasoned long term M&A banker, and William Li– the former tech head of Ant Financial blockchain team.   

Other core members include Yufeng Shen – Ultrain’s Chief Architect, former senior technical expert of Alibaba’s operating system “AliOS” and core architect Google Canada ChromeOS, and Husen Wang – Ultrain’s Chief Cryptographer and former lead cryptographer at Ant Financial Blockchain. Last but not least, Ultrain’s newest member, Samuel Xiao, completes the team as VP of ecosystem and business development. As a former partner and CTO of Green Pine Dream Capital, Samuel is responsible for investment and post-investment management.

Such dream team brings together expertise in cutting-edge innovations, sophisticated engineering experience, and extremely powerful global business access naturally attracts the attention of the world’s top investors. Subsequent to the initial seed round funding of 4 million CNY in October 2017, Ultrain successfully completed angel round financing in May 2018, with Morningside Capital as their lead investor, along with APlus capital and DraperDragon. Ultrain announced soon afterwards that it subsequently raised $20 million in private funding from global venture capital firms and crypto funds, placing the company at a 200 million USD valuation. Participants in this round of financing includes Danhua Capital (DHVC), Sky9 Capital, FBG Capital, Ceyuan Venture, 8 Decimal Capital, NGC Capital, ANMI, and other well-known investing entities both within China and overseas. 

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