IoTeX - About the company
IoTeX is a series A company based in Tortola (United Kingdom), founded in 2017 by Raullen Chai, Qevan Guo and Jing Sun. It operates as a Developer of blockchain infrastructure for real world artificial intelligence. IoTeX has raised $50M in funding from investors like Fmgroup, Foresight Ventures and HashKey Capital. The company has 703 active competitors, including 163 funded and 13 that have exited. Its top competitors include companies like Consensys, Alchemy and Digital Asset.
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
Ranked
3rd among 703 active competitors
Employee Count
50 as on Aug 31, 2026
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IoTeX's funding and investors
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 | 4174945 | Series A | 4819465 | 9404563 | 2311981 | 1842967 |
Apr 03, 2024 | 4648912 | Series A | 3636506 | 5720233 | 7889705 | |
Sep 18, 2019 | 1292881 | Seed | 3423312 | 3404709 | 2504963 |
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IoTeX's founders and board of directors
Founder? Claim ProfileThe 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 50 employees as of Aug 26. Here is IoTeX's employee count trend over the years:
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IoTeX's Competitors and alternates
Top competitors of IoTeX include Consensys, Alchemy and Digital Asset. Here is the list of Top 10 competitors of IoTeX, ranked by Tracxn score:
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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 | 80/100 | |
2nd |  Alchemy 2013, San Francisco (United States), Series C | Provider of complete blockchain developer platform | $564M | 78/100 | |
3rd | IoTeX 2017, Tortola (United Kingdom), Series A | Developer of blockchain infrastructure for real world artificial intelligence | $50M | 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 | 72/100 | |
5th | Developer of a decentralized infrastructure for building and securing digital applications | - | 70/100 | ||
6th |  Dash 2014, Scottsdale (United States), Series B | Digital currency for making payments | $16.2M | 69/100 | |
7th | Sui Foundation 2022, Cayman Islands, Funding Raised | Developer of Layer 1 blockchain and smart contract development platform | - | 67/100 | |
8th | Zora 2020, Sacramento (United States), Seed | Online marketplace for NFTs | $62.6M | 65/100 | |
9th | Crypto-based financial service provider | $500K | 64/100 | ||
10th | Provider of layer two scaling infrastructure for decentralized blockchain networks | $4M | 63/100 |
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IoTeX's Investments and acquisitions
IoTeX has not made any acquisitions yet. IoTeX has made 13 investments.Here is the list of latest three $investments:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 17, 2026 | Investments | 2025 | - | |
Oct 21, 2025 | Investments | 2024 | San Francisco (United States) | |
Dec 19, 2024 | Investments | 2023 | Singapore (Singapore) |
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Reports related to IoTeX
Here is the latest report on IoTeX's sector:
News related to IoTeX
Filter this listMedia has covered IoTeX for a total of 4 events in the last 1 year.
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IoTeX Suffers Private Key Compromise in Bridge Infrastructure, $2 Million in LossesCrowdfund Insider•Feb 25, 2026•IoTeX
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Nubila Raises $8 Million to Power Real-World Data Oracles for Web3Ventureburn•Oct 21, 2025•Nubila, IoTeX, Blockspaceforce, SYNHARBOUR
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IoTeX and Alignment Partners Launch Real-World AI Foundry for AI Machine Learning StandardAiThority•Sep 30, 2025•Theta Token, IoTeX, Vodafone
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U Power Partners with IoTeX to Launch Tokenized Real-World AssetsBenzinga•Sep 29, 2025•U-Power, IoTeX
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Crypto’s Got Talent Season 2 Launches to Spotlight DePIN InnovationThe Daily Hodl•Sep 01, 2025•0G Labs, IoTeX
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Animoca Brands invests in IoTeX to accelerate real-world AI developmentPANews•Aug 28, 2025•IoTeX, Animoca Brands
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U Power Announces Strategic Partnership with IoTeX to Accelerate Web 3.0 AI ExpansionBenzinga•Jul 23, 2025•U-Power, IoTeX
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