Ultrain
Blockchain technology company focused on providing decentralized solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
$20.0m | Series A | ||
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Ultrain Technology Limited was a blockchain company founded in 2017 by a team of former Alibaba, Google, and Qihoo 360 executives, including CEO Ray Guo, Emma Liao, and Ning Li. Guo, the former technical director of Alibaba's Security Group, brought his experience in cloud computing and data security to the venture.
The company aimed to create a high-performance public blockchain for commercial use. Its main offering was a decentralized blockchain platform that provided cloud services and an operating system. This platform was designed to serve various industries, including financial services, healthcare, logistics, and retail, by offering a trusted and efficient computational environment.
Ultrain's business model was based on providing its blockchain-as-a-service (BaaS) platform to businesses, enabling them to build and deploy their own applications on the Ultrain blockchain. The company's technology featured a consensus mechanism that combined delegated proof-of-stake (DPoS) with a verifiable random function (VRF) to enhance performance and security.
Despite its ambitious goals and experienced team, Ultrain is now considered a deadpooled company.
Keywords: public blockchain, decentralized platform, cloud services, commercial applications, BaaS, consensus mechanism, delegated proof-of-stake, verifiable random function, enterprise blockchain, smart contracts
