According to Jinse Finance, decentralized DePIN infrastructure service provider Hivello has announced the completion of a new round of financing of 1.5 million, with participation from Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets and Candaq, as well as NGC, Blockchain Founders Fund, IDG, and others. In addition to the $1 million financing completed in December 2023, the company has raised a total of $2.5 million to date. The new funds will accelerate product development to strengthen the company's market position in the DePIN service field.