Carbon relay announced that it has received $5 million in a round of funding on January 29, 2019. The transaction included participation from Hon Hai Precision Industry Co., Ltd. (TSEC:2317), angel investors, including James I. Cash, Douglas Levin, Karim Lakhani, Paul Deninger. As the part of the transaction, James I. Cash and Karim Lakhani will join company's board of director. The company has raised $6 million in funding till date.