Hemi Labs raised $15 million in funding to launch the Hemi Network, a modular blockchain network undergirded by both Bitcoin and Ethereum. The funding round was led by Binance Labs, Breyer Capital, and Big Brain Holdings, with additional support from various other investors. The Hemi Network features the Hemi Virtual Machine for building Bitcoin- and Ethereum-compatible smart contracts, and the Hemi Bitcoin Kit for creating Bitcoin-native applications. The company plans to launch its mainnet in the fourth quarter of this year.