When was IoTeX founded?

IoTeX was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is IoTeX located?

IoTeX is headquartered in Tortola, United Kingdom.

Who is the current CEO of IoTeX?

Raullen Chai and Sachit Mehta s of IoTeX. Raullen Chai has also founded 1 company.

How many employees does IoTeX have?

As of Jul 31, 2026, the latest employee count at IoTeX is 52.

Is IoTeX a funded company?

IoTeX is a funded company, having raised a total of $50M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 18, 2019.

When was the latest funding round of IoTeX?

IoTeX's latest funding was a $***** Series A round on Aug 27, 2025, with participation from 1 investor.

Where does IoTeX rank among its competitors?

IoTeX ranks 3rd amongst 606 active competitors, of which 160 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Digital Asset, which secured $365M in Jun, 2026.

Who are the top competitors of IoTeX?

IoTeX's top competitors include Consensys, Alchemy and Digital Asset. Among them, Digital Asset secured the most recent funding round in June, 2026.

IoTeX - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of blockchain infrastructure for real world artificial intelligence. This technology provides decentralized identity protocols and verification layers for machines and devices. It enables the transformation of physical data into actionable intelligence for autonomous systems. The infrastructure supports secure settlement and discovery for connected hardware networks.

Website: iotex.io
Social
Email ID: *****@iotex.io

Key Metrics

Founded Year

2017

Location

Tortola, United Kingdom

Stage

Series A

Total Funding

$50M in 3 rounds

Latest Funding Round

Series A, Aug 27, 2025, $*****

Investors

FutureMoney Group & 38 more

Ranked

3^rd among 606 active competitors

Employee Count

52 as on Jul 31, 2026

Investment & Acquisitions

DGrid & 12 more

Similar Companies

Consensys & 807 more

View IoTeX's full profile

IoTeX has raised a total funding of $50M over 3 rounds. Its first funding round was on Sep 18, 2019. Its latest funding round was a Series A round on Aug 27, 2025 for $*****. 1 investor participated in its latest round. IoTeX has 39 institutional investors.

Here is the list of recent funding rounds of IoTeX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 27, 2025	6294367	Series A	8437710	9953320	2285722	2860876
Apr 03, 2024	7430207	Series A	5151118	8473779	8000955	Escape Velocity & 1 more
Sep 18, 2019	3558324	Seed	4128245	5254787	HashKey Capital	2679833

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View details of IoTeX's funding rounds and investors

The founders of IoTeX are Raullen Chai, Qevan Guo and Jing Sun. Raullen Chai and Sachit Mehta are the CEOs of IoTeX.

Here are the details of IoTeX's key team members:

Raullen Chai: Co-Founder & CEO of IoTeX and founder of 2 other companies, ioPay and IoTT Network.
Contact Info: 1 email address
Qevan Guo: Co-Founder of IoTeX and founder of 2 other companies, ioPay and IoTT Network.
Contact Info: 1 email address
Jing Sun: Co-Founder of IoTeX.
Contact Info: 1 email address
Sachit Mehta: CEO of IoTeX.

View details of IoTeX's Founder profiles and Board Members

IoTeX's employee count trend

IoTeX has 52 employees as of Jul 26. Here is IoTeX's employee count trend over the years:

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Top competitors of IoTeX include Consensys, Alchemy and Digital Asset. Here is the list of Top 10 competitors of IoTeX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Consensys 2014, Fort Worth (United States), Series D	Developer of blockchain and web3 software platform	$725M	Third Point, Marshall Wace & 58 others	80/100
2nd	Alchemy 2013, San Francisco (United States), Series C	Provider of complete blockchain developer platform	$564M	Silver Lake, Addition & 36 others	78/100
3rd	IoTeX 2017, Tortola (United Kingdom), Series A	Developer of blockchain infrastructure for real world artificial intelligence	$50M	Draper Dragon, Global Blockchain Innovative Capital ... & 37 others	77/100
4th	Digital Asset 2014, New York City (United States), Series F	Provider of Canton Network, the public blockchain with institutional-grade privacy for tokenized real-world assets	$817M	Goldman Sachs, IBM & 51 others	72/100
5th	IOTA 2016, Berlin (Germany), Seed	Developer of a decentralized infrastructure for building and securing digital applications	-	Rhapsody Ventures, Outlier Ventures & 11 others	69/100
6th	Dash 2014, Scottsdale (United States), Series B	Digital currency for making payments	$16.2M	Blockwall Management, All Blue Capital & 6 others	68/100
7th	Sui Foundation 2022, Cayman Islands, Funding Raised	Developer of Layer 1 blockchain and smart contract development platform	-	DNA Capital, No Limit Holdings & 9 others	67/100
8th	Synthetix 2017, Sydney (Australia), Series C	Operator of a platform for perpetual futures trading on Ethereum	$240M	Bain Capital Ventures, Coinbase & 21 others	66/100
9th	Zora 2020, Sacramento (United States), Seed	Online marketplace for NFTs	$62.6M	Haun Ventures, Green Bay Ventures & 8 others	64/100
10th	Gnosis 2015, Gibraltar (Gibraltar), Seed	Crypto-based financial service provider	$500K	Bixin Ventures, NGC Ventures & 12 others	64/100

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IoTeX has not made any acquisitions yet. IoTeX has made 13 investments.

Here is the list of latest three $investments:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 17, 2026	Investments	DGrid	2025	-
Oct 21, 2025	Investments	Nubila	2024	San Francisco (United States)
Dec 19, 2024	Investments	Inferix	2023	Singapore (Singapore)