Startups
5xlab is a new blockchain development laboratory working closely with 5miles, a leading mobile marketplace platform, with more than 10 million users in the US.
Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the longstanding technical and commercial know-how. 5xlab seeks to use this expertise and experience to tailor blockchain technology & smart-contracts for real-world applications.
The focus of 5xlab’s proposed new blockchain technology, CyberMiles (“CM”), is on trust and compliance while leveraging the power of a decentralized network. This will help enable it to be a mainstream blockchain technology for real-world businesses. 5miles is expected to be the first app platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology.
Over the last 3 years of leading innovation in online & local marketplaces, 5miles has accumulated the longstanding technical and commercial know-how. 5xlab seeks to use this expertise and experience to tailor blockchain technology & smart-contracts for real-world applications.
The focus of 5xlab’s proposed new blockchain technology, CyberMiles (“CM”), is on trust and compliance while leveraging the power of a decentralized network. This will help enable it to be a mainstream blockchain technology for real-world businesses. 5miles is expected to be the first app platform to utilize CyberMiles’ blockchain protocol, and will also assist 5xlab to develop the technology.
Overview
Location
China, Hong Kong, Hong Kong Island
Employees
11-50
Total raised
$30M
Founded date
2017
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 4
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Feb 23, 2021 | Sino Global Shipping Partners up with CyberMiles Blockchain to Explore Non-Fungible Token Business | ROSLYN, N.Y., Feb. 23, 2021 /PRNewswire/ -- Sino Global Shipping America Ltd has signed a Memorandum of Understanding to cooperate with the e-commerce blockchain company CyberMiles Foundation to jointly explore opportunities using CyberMile... |
| Jul 27, 2018 | CyberMiles Introduces New Programming Language for Developing Smart Business Contracts | Improving on but compatible with Solidity, Lity is designed for superior performance, dynamic extensibility, enhancing security and blockchain virtual machine technology HONG KONG–(BUSINESS WIRE)–July 27, 2018– CyberMiles (CMT), a public bl... |
| Jul 25, 2018 | Cryptocurrency Exchanges in Taiwan | As the development of cryptocurrency evolves, cryptocurrency exchanges have become the core of the blockchain economy globally. |
Reviews 0
FAQ about CyberMiles
When was CyberMiles founded?
CyberMiles was founded in 2017.
How much funding has CyberMiles raised?
CyberMiles has raised $30M in total across 1 funding round.
What has the press written about CyberMiles?
Parsers VC has collected 4 articles mentioning CyberMiles, among them “Sino Global Shipping Partners up with CyberMiles Blockchain to Explore Non-Fungible Token Business” (Feb 23, 2021) and “CyberMiles Introduces New Programming Language for Developing Smart Business Contracts” (Jul 27, 2018).
Is CyberMiles still active?
Yes, CyberMiles is active; its latest activity on Parsers VC dates from Apr 7, 2021.