I

IoTeXIOTX

DePIN modular infrastructure platform

About IoTeX

Founded

2017

Address

United States

Community

IoTeX is a DePIN modular infrastructure platform connecting smart devices and real-world data to blockchains. IoTeX's middleware solution W3bstream provides the computation and verification of real-world data, bringing it on-chain while offering the modularity and customizability builders need to facilitate mass adoption. As the leading provider of DePIN infrastructure, IoTeX facilitates new rewards from devices and on/off-chain activity for users, turns personal devices into communal economies, and tokenizes the "data of everything." Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors, and dApps across the physical and digital world.

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Team Members

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Raullen ChaiCo-Founder and CEO
J
Jing SunCo-Founder
Q
Qevan GuoCo-Founder
A
Aaron BasiHead of Product
J
Joey StewartHead of Community

Investors

F
Foresight Ventures
B
Borderless Capital
S
SNZ Holding
W
Waterdrip Capital
A
Amber Group
F
FutureMoney
E
EV3
M
Metrics Ventures
S
Samsung Next
J
Jump Capital
D
Draper Dragon
H
HashKey Capital
I
IOSG Ventures
D
DHVC
N
NewBuild VC
G
Goodwater Capital
X
Xoogler Ventures
W
Wemade
H
Hanwha Asset Management
V
VistaLabs
K
Kenetic Capital
H
Hashed
B
Blockchange Ventures
8
8 Decimal Capital
L
LinkVC
D
DFUND
B
BITRIA
R
Ribbit Angel Fund
A
Alpha Grep

Fundrasing details

Funding RoundAmountValuation
Date
Investors
--
$50.00M
--
2024-04-02
F
Foresight Ventures
B
Borderless Capital
+ 6
Series A
$10.00M
--
2022-06-06
S
Samsung Next*
J
Jump Capital*
+ 13
Strategic
--
--
2022-03-23
W
Wemade
Strategic
--
--
2019-09-17
H
HashKey Capital
--
$25.00M
--
2018-01-31
K
Kenetic Capital
H
Hashed
+ 7

Investments

S
Decentralized energy network
Starpower is a decentralized energy network that connects energy devices like AC units, EV chargers, and batteries. It provide usage-based algorithms to increase energy efficiency, save on bills, and reduce energy system volatility by coordinating device charging and discharging accordingly.
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AI training Layer2 Network
​​Network3 is building a dedicated AI Layer2. It designed to help AI developers worldwide, to inference, train and validate models in scale quickly, conveniently, and efficiently through AI model optimization and compression, federated learning, edge computing, and confidential computing.
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Data Oracle Platform
Nubila is a data oracle platform that specializes in providing accurate and actionable Environmental, Social, and Governance (ESG) data to the Decentralized Physical Infrastructure Network (DePIN) ecosystem.
S
Decentralized energy network
Starpower is a decentralized energy network that connects energy devices like AC units, EV chargers, and batteries. It provide usage-based algorithms to increase energy efficiency, save on bills, and reduce energy system volatility by coordinating device charging and discharging accordingly.
N
Decentralised network of cameras
Natix Network is a blockchain-based and crowdsourced camera network creating a real-time map of the world. This decentralized physical infrastructure network (DePIN) of cameras uses Natix's AI technology to map the world while ensuring that no private data is collected. Its Drive& app is a drive-to-earn mobile app that, when mounted on a dashboard camera, uses AI software to collect data such as the volume of traffic on the road, objects such as traffic signs, and infrastructure damages, including potholes and faded road markings.
R
Decentralized Global WiFi Network
Roam is committed to creating a global decentralized WiFi roaming network that aims to provide enterprise-class WiFi security services that support seamless access to OpenRoaming™ and self-built WiFi nodes worldwide. Roam is the only Web3 IDP project party among the 11 enterprise alliances of the WBA OpenRoaming Project. As of September 2024, Roam has more than 3.5 million OpenRoaming available WiFi hotspots in more than 190 countries around the world and supports more than 580,000 WiFi network self-built nodes.
G
Global Earth Observation Decentralized Network
The mission of GEODNET is to gather dense, real-time geospatial data from the Earth and its atmosphere using a new class of roof-mounted space weather stations. The use of blockchain will promote a robust and resilient network that delivers secure and trusted geospatial data products, used in key sectors of the economy such as agriculture, transportation, and finance, as well as in new emerging applications for autonomy, AR/VR, and the metaverse.
D
All-in-one DePIN framework
DePHY is an all-in-one DePIN framework to drastically decrease the cost and timeframe associated with DePIN project development. DePHY provides open source hardware solutions, decentralised messaging layer, and automatic tokenomics execution for all DePIN projects. DePHY’s messaging layer facilitates the secure, verifiable, and swift transfer of data from hardware to blockchain, utilising Trusted Execution Environment (TEE) and Zero-Knowledge (ZK) Oracles to guarantee data verifiability and low-latency.
E
Decentralized Computing Infrastructure
Exabits is a decentralized infrastructure for AI and computationally intensive applications. Exabits enable users to offer distributed GPU services, data storage, or expertise to the AI communities without the need for a central authority or intermediary. Participants can use their web3 identities, such as a blockchain wallet address or a Decentralized Identity (DID), to engage in the marketplace and provide their services to the AI ecosystem.
P
Shared EV Charging Network
PowerPod is a shared EV charging network lets users charge smartly, and use their charge piles more efficiently. Each participant receives positive incentives and brings greater value to the network through technological advancements. At its core, PowerPod aims to provide a reliable and accessible charging network for electric vehicles in various locations.

Subsidiary Organizations

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W3bstream
Decentralized Infra for Real-world Devices and Data
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