IoTeX

About

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

Menlo Park,California,United States
51 - 100
https://iotex.io/

Highlights

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