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IoTeX

company

About

IoTeX is the leading decentralized network to power billions of machines at scale, drive the machine economy (machinefi) applications.

Details

Last Funding Type
Series Unknown
Industries
Blockchain,Cryptocurrency,Internet of Things,Privacy
Founded date
Jul 1, 2017
Number Of Employee
51 - 100
Operating Status
Active

IoTeX is the leading decentralized network powering the future of web3 and machine economy (MachineFi). The platform is built for developers to connect billions of machines with web3 infrastructure, to create innovative products including DeFi, NFT, DAO, Metaverse, and MachineFi applications. Founded in 2017 with a team of alumni from Google, Facebook, Uber, Bosch, and Intel, IoTeX has launched a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallet, and the MachineFi marketplace. The IoTeX network has grown rapidly with >$2B in assets on-chain, >300K on-chain users, and >10k devices connected across hundreds of dapps.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
IoTeX has raised a total of — in funding over 2 rounds. Their latest funding was raised on Nov 4, 2021 from a Secondary Market round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 4, 2021 Secondary Market 1 Detail
Jul 1, 2019 Series Unknown 1 Detail
Oct 1, 2018 Series Unknown 2 Detail
May 23, 2018 Seed 1 Detail
Feb 8, 2018 Series Unknown 1 Detail

Investments

Number of Investments
Number of Lead Investments
1
0
IoTeX has made 1 investments. Their most recent investment was on Jan 29, 2022, when Galaxy Blitz raised $10M.
Date Company Name
Round Money Raised Industry Lead Investor
Jan 29, 2022 Galaxy Blitz
Seed $10M Blockchain

Investors

Number of Lead Investors
Number of Investors
1
15
IoTeX is funded by 15 investors. Draper Dragon and Einsvill Labs are the most recent investors.
Investor Name Lead Investor Funding Round
Draper Dragon Yes Seed
Einsvill Labs Secondary Market
Hashkey Series Unknown
BlockVC Series Unknown
Founder Friendly Labs Series Unknown
Mukul Agarwal Seed
Kosmos Ventures Series Unknown
NGC Ventures Seed
8 Decimal Capital Seed
AlphaCoin Fund Seed

Employee Profiles

Number of Employee Profiles
5
IoTeX has 5 current employee profiles, including Executive Raullen Chai
Executive
Executive
Executive
Executive
Executive