IoTeX
IoTeX is a modular Web3 infrastructure platform operating a Layer-1 blockchain connecting smart devices and AI agents to verified real-world data. It serves DePIN builders, AI developers, and physical operations operators via ioID identity, Quicksilver AI layer, and Trio multimodal models.
- Company typePrivate
- Founded2017
- HeadquartersHouston, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What IoTeX does
IoTeX is a modular Web3 infrastructure platform founded in 2017 that connects smart devices, AI agents, and physical-world data to blockchain networks. The company operates a purpose-built Layer-1 blockchain with a 9-layer DePIN infrastructure stack spanning machine identity (ioID), verifiable off-chain computation (W3bstream), and a real-time AI interaction layer (Quicksilver). In 2025-2026, IoTeX repositioned itself as the open ecosystem for physical intelligence, launching Trio - a multimodal foundation model combining computer vision (Trio-Retina), natural language understanding (Trio-Lumen), and forthcoming prediction/action capabilities, alongside Realms (domain-specific knowledge bases synthesizing real-time machine data). The platform serves builders of DePIN applications, AI agents requiring verified real-world data, physical operations operators in warehouses/factories/retail, and developers of physical/embodied AI systems, with reported network metrics including 25M+ connected devices, ~200K daily transactions, and 3,000+ peak daily AI agent queries.
The business model centers on the $IOTX utility token, which powers governance, staking, and DePIN incentives. Revenue streams include transaction fees on the protocol ($110K in Q3 2025, up 16% QoQ), usage-based pricing for Trio AI products (~$0.004 per decision), and emerging Realm-based tokenization models. The company has raised $50M in a funding round led by SNZ Capital and Foresight Ventures (April 2024) and achieved MiCA compliance for EU-wide operations in December 2025. Distribution is primarily self-serve through developer portals, mobile wallets (ioPay), and partnerships with major cryptocurrency exchanges (Binance, Coinbase, Bitget) plus regional consumer channels (N26, CoinTrade, Sumeria). The company suffered a $2M security exploit on its ioTube cross-chain bridge in February 2026 but resumed operations within days and committed to full user compensation.
IoTeX firmographics
Firmographics- Name
- IoTeX
- Legal name
- IoTeX Technology
- Website
- https://iotex.io/
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- IoTeX is a modular Web3 infrastructure platform operating a Layer-1 blockchain connecting smart devices and AI agents to verified real-world data. It serves DePIN builders, AI developers, and physical operations operators via ioID identity, Quicksilver AI layer, and Trio multimodal models.
- Ownership category
- akta.pro rank
IoTeX industry classification
Industry- Product category
- Decentralized Physical Infrastructure (DePIN) Blockchain Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373), Services-Computer Programming Services (7371), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing) (FSAPAAAH)
- akta.pro secondary industries
- Interoperability & Cross-Chain Messaging (bridges, IBC, messaging, routing) (FSAPAAAE), Decentralized Wireless & IoT Networks (LoRaWAN/5G/WiFi hotspots, sensor networks) (FSAPALAE), Cross-Chain Developer Tooling (messaging SDKs, relayers, interoperability APIs) (FSAPABAF)
Keywords
Where IoTeX is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
IoTeX business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- IOTX Token Economics: The native utility token powering governance, incentives, and interoperability across ecosystems. Token drives staking rewards, DePIN incentives, and protocol participation.
- Protocol Revenue: The IoTeX protocol generated $110K in Q3 2025, up 16% QoQ. Revenue comes from transaction fees and network activity across 130+ applications.
- Realm Token Economics: Each Realm may have its own token where the value reflects the utility and demand of the knowledge base, creating monetization pathways for data producers and AI developers.
- Trio AI Products: Trio products are billed per decision (approximately $0.004 per query), not per token per frame, enabling cost-efficient continuous monitoring.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Trio-Retina open source with free access via pip install |
| Usage-based | Pay-as-you-go | Trio-Lumen platform at ~$0.004 per query |
Go-to-market motion3 records
Distribution channels10 records
Marketing channels10 records
IoTeX product offering
Product offeringCore offering
IoTeX operates a modular Web3 infrastructure platform connecting smart devices, physical sensors, and AI agents to blockchains through a purpose-built Layer-1 blockchain. The platform provides decentralized machine identity (ioID), verifiable off-chain computation (W3bstream), a real-time AI interaction layer (Quicksilver), a multimodal world model for physical operations (Trio), evolving knowledge bases (Realms), cross-chain bridging (ioTube), and the IOTX utility token, all accessible via developer SDKs, APIs, and self-serve portals.
Product overview
IoTeX is a modular platform-plus-ecosystem architecture providing end-to-end infrastructure for connecting physical devices and AI systems. The core consists of the Layer-1 blockchain, ioID (decentralized machine identity), Quicksilver (real-time AI interaction layer), and $IOTX token for governance. The product suite includes ioTube Bridge (cross-chain connectivity), W3bstream (verifiable DePIN computation), IoTeX Hub (ecosystem dashboard), ioPay wallet, IoTeXScan explorer, and DePINscan. Recent additions include Trio, a multimodal world model for physical operations combining vision perception, natural language understanding, and predictive analytics. Realms serve as living knowledge bases synthesizing real-time data from the device network. The platform targets builders creating DePIN applications, AI developers needing physical world data, and enterprises requiring verifiable machine identity and data systems.
Differentiator
Problem solved
Functional benefit
Brands
- ioID: Decentralized identity protocol for machines, agents, and devices providing verifiable authentication, ownership, and trust across interactions.
- Quicksilver
- ioTube
- Trio
- W3bstream
- Realms
- IoTeX Hub
- ioPay
- DePINscan
Products and services
- IoTeX Blockchain (Layer-1) Purpose-built Layer-1 blockchain for fast discovery, secure settlement, and seamless transactions between machines and physical networks. Serves as the trusted registry for machines, data, and transactions with transparency, consistency, and interoperability across domains. Processes nearly 200,000 daily transactions across 130+ applications.
- ioID Decentralized Identity Protocol Decentralized identity protocol providing verifiable authentication, ownership, and trust for machines, agents, and devices. Each ioID is globally unique with an on-chain wallet enabling staking, lending, rewards, and revenue-sharing without custom contracts. Over 11,999 ioID devices registered on-chain and 28M+ devices tracked.
- Quicksilver Real-Time AI Interaction Layer Real-time AI interaction layer that transforms raw device signals from sensors into contextual, actionable insight. Serves as the bridge between physical systems and AI agents, converting telemetry, event data, and machine signals into structured outputs AI agents can reason over.
- Trio Multimodal World Model World model for physical operations combining AI perception, prediction, and action for live physical operations. Trio-Retina provides video perception and object tracking running on edge hardware (Jetson-class). Trio-Lumen enables plain English querying of video feeds and generation of structured text-based alerts. Billed per decision at approximately $0.004 per query.
- ioTube Cross-Chain Bridge Cross-chain bridge enabling 1:1 token bridging between IoTeX and Ethereum, BSC, Polygon, and Avalanche networks. Supports wrapped tokens like CIOTX with secure and reliable cross-chain asset transfers. Following February 2026 exploit, undergoing security overhaul with IIP-57 trustless ZK-proof bridge development.
- W3bstream Verifiable Computation Verifiable computation network for DePIN projects using off-chain computing and TEE (Trusted Execution Environment) technologies. Performs reliable computations on data collected from DePIN networks, enabling data verification and processing at scale.
- IOTX Native Utility Token Native utility token powering governance, incentives, and interoperability across the IoTeX ecosystem. Drives economic alignment among data producers, infrastructure providers, and AI developers through staking rewards, DePIN incentives, and protocol participation.
- Realms Knowledge Bases Living, evolving domain-specific knowledge bases that continuously synthesize insights from machines, people, and sensors to generate actionable intelligence for sectors like mobility, health, energy, and robotics. Each Realm may have its own token reflecting utility and demand for the knowledge base.
- IoTeX Hub Central governance and ecosystem portal for exploring the IoTeX ecosystem, managing assets, staking IOTX tokens, participating in DAO governance, and accessing analytics tools.
- ioPay Mobile Wallet Mobile wallet available on iOS for IOTX token storage, staking, and transactions on the IoTeX network. Designed for consumer and individual user access to the IoTeX ecosystem.
- IoTeXScan Block Explorer Block explorer for viewing IoTeX blockchain transactions, blocks, addresses, and smart contract interactions. Provides transparency and observability of on-chain activity.
- DePINscan Analytics Platform Map and analytics platform for exploring and monitoring the DePIN ecosystem, including device tracking, network statistics, and staking programs across DePIN projects. Includes DePINscan Staking Program featuring projects like Hivello, Fluence, Swan, and Aethir.
- IoTeX Developer Portal Developer resources including documentation at docs.iotex.io, RPC endpoints, REST API, TypeScript SDK, MCP support, CLI tools, and guides for building DePIN applications on IoTeX. Includes essential learning resources, DePIN infrastructure modules, and full project examples.
- SPP (Secure Privacy-Preserving) Wallet Quantum-secure wallet launched on IoTeX Testnet enabling post-quantum transactions. Implements cryptographic agility approach with EIP-7693 standard for backward-compatible post-quantum migration for Ethereum-compatible blockchains.
- Staking Portal Platform for staking IOTX tokens, earning rewards, and participating in network security through delegate selection and validator support.
Quantifiable outcome
- Over 25 million DePIN devices connected to the network
- +5 more outcomes
Companies that use IoTeX
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
IoTeX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability10 records
Feature8 records
IoTeX partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, regional and flagship.
- BinancecoreMajor exchange partner that resumed IOTX deposits and withdrawals within one week of the February 2026 ioTube incident. Coordinated on asset freezes.
- CoinbasecoreMajor exchange that resumed IOTX deposits and withdrawals within one week of the February 2026 ioTube incident.
- 20+ Exchange PartnerscoreOver 20 exchange partners coordinated on asset freezes and resumed IOTX operations within one month of the February 2026 ioTube incident, including Bitget, Gate.io, HashKey, KuCoin, MEXC, LBank.
- CF BenchmarkscoreIoTeX ($IOTX) joined CF Benchmarks gaining its first regulated institutional index, opening doors to ETFs, derivatives, and global institutional adoption.
- CoinTraderegionalIOTX now listed on CoinTrade with JPY trading, staking, and 9M+ MOPPY users integration in Japan.
- VodafoneflagshipGlobal alignment partner in Real-World AI Foundry, building the first open ecosystem of Real-World Models.
- FilecoinflagshipGlobal alignment partner in Real-World AI Foundry for building open ecosystem of Real-World Models.
- ThetaflagshipGlobal alignment partner in Real-World AI Foundry for building open ecosystem of Real-World Models.
- N26regionalIOTX live on N26 Crypto giving 8M+ users across 24 countries seamless access to IOTX directly in mobile banking app.
- SumeriaregionalIOTX listed on Sumeria, France's leading mobile finance app, enabling millions to buy, trade and hold IOTX.
- Animoca BrandscoreStrategic investment and network validator partnership. Animoca Brands became a validator and ecosystem partner, strengthening IoTeX's leadership in real-world AI with verifiable data, decentralized infrastructure, and global expansion in Asia.
- HashKey ExchangecoreStrategic collaboration to build Hong Kong's first compliant AI Ecosystem Center, merging blockchain, digital assets, and real-world AI.
- Ethereum FoundationcoreIoTeX actively engaging with Ethereum Foundation on Native Rollup work and ZK-proof bridge architecture for trustless cross-chain infrastructure.
- Coinbase x402 ProtocolcoreIoTeX demonstrated machine-to-machine payments with Coinbase's x402 protocol, enabling autonomous machine commerce.
- AnkrcoreDePIN accelerator program collaboration and ecosystem partnership. Ankr participates as a validator delegate in IoTeX network.
Scale indicators12 records
Recent moves6 records
Expansion highlights7 records
IoTeX competitors and assessment
Company assessmentBroad incumbents
- Solana: Solana is a high-throughput L1 targeting consumer and DePIN applications. Competes with IoTeX for IoT, DePIN, and AI-related workloads where transaction throughput and fees drive developer selection.
- Ethereum: Ethereum is the dominant smart contract platform. While IoTeX operates as a separate L1, it actively partners with the Ethereum Foundation on Native Rollup and ZK-proof bridge architecture, competing for the same EVM-compatible developer mindshare.
Direct peers
- Helium: Helium is a DePIN-focused blockchain for decentralized wireless networks connecting IoT devices. Directly comparable to IoTeX as both target IoT/DePIN machine economies with token-incentivized infrastructure and overlapping developer audiences.
- peaq: peaq is a Layer-1 blockchain purpose-built for DePIN and machine economy applications. Closely comparable to IoTeX in targeting DePIN builders, offering device identity, and supporting machine-to-machine payments and AI integration.
- Filecoin: Filecoin is a decentralized storage network within the DePIN category. While partnered with IoTeX in the Real-World AI Foundry, both compete for DePIN project deployments and storage/data provision for AI workloads.
- Theta Network: Theta is a decentralized edge-compute and video delivery blockchain. A Real-World AI Foundry partner with IoTeX, but both compete for AI inference, data delivery, and DePIN-style physical infrastructure workloads.
Emerging players
- DIMO: DIMO is a DePIN project for vehicle telematics, streaming real-world driving data on-chain. Comparable to IoTeX's mission of monetizing physical machine data, but focused narrowly on automotive vs IoTeX's broader IoT/AI scope.
- Streamr: Streamr is a decentralized real-time data network. Comparable to Quicksilver and Realms in enabling real-time data streams, but with narrower focus and a smaller ecosystem than IoTeX.
- Render Network: Render provides decentralized GPU compute for AI and rendering workloads. Comparable to IoTeX's Trio AI inference stack in providing AI compute infrastructure, though Render is GPU-specialized while IoTeX is broader.
- Ocean Protocol: Ocean Protocol is a decentralized data exchange for AI training datasets. Comparable to IoTeX's Realms in monetizing data for AI, but focuses on data marketplace mechanics versus IoTeX's live sensor data streams.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks4 records
Key highlights6 records
Customer concentration
IoTeX social profiles
Digital presenceIoTeX compliance and trust
Trust signalCompliance3 records
IoTeX financial estimates
Financial estimateRevenue estimate
Valuation estimate
IoTeX leadership team
Management profileNumber of profiles
Profiles4 records
IoTeX funding detail
Funding detailFunding overview
Funding rounds6 records
Investors22 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
IoTeX M&A and investment
M&A and investmentM&A
Investments20 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about IoTeX
What does IoTeX do?
IoTeX operates a modular Web3 infrastructure platform connecting smart devices, physical sensors, and AI agents to blockchains through a purpose-built Layer-1 blockchain. The platform provides decentralized machine identity (ioID), verifiable off-chain computation (W3bstream), a real-time AI interaction layer (Quicksilver), a multimodal world model for physical operations (Trio), evolving knowledge bases (Realms), cross-chain bridging (ioTube), and the IOTX utility token, all accessible via developer SDKs, APIs, and self-serve portals.
Is IoTeX a public or private company?
IoTeX is a private company. It is classified as venture growth investor backed and is currently operating.
When was IoTeX founded?
IoTeX was founded in 2017. It employs 51 to 100 people.
Where is IoTeX based?
IoTeX is headquartered in Houston, United States, in the North America region.
How does IoTeX make money?
Four revenue lines are on record. IOTX Token Economics are the primary driver. The others are protocol Revenue, realm Token Economics and trio AI Products.
Who are IoTeX's main competitors?
Broad incumbents on record are Solana and Ethereum. Direct peers are Helium, peaq, Filecoin and Theta Network. Emerging players are DIMO, Streamr, Render Network and Ocean Protocol.
Does IoTeX have an API?
Yes. IoTeX provides a comprehensive developer platform with RPC endpoints, REST API, and SDKs for blockchain interaction. Developers can deploy tokens, integrate ioID for device identity management, use W3bstream for verifiable DePIN computation, and build DePIN applications. The platform supports Ethereum-compatible development tools including Solidity. RPC endpoints are available for network connectivity. Developer documentation is at docs.iotex.io.
What industry is IoTeX in?
IoTeX's product category is Decentralized Physical Infrastructure (DePIN) Blockchain Platform. Its primary akta.pro industry code is FSAPAAAH, Smart Contract Developer Platforms & Tooling (SDKs, APIs, frameworks, indexing), with a secondary code of FSAPAAAE, Interoperability & Cross-Chain Messaging (bridges, IBC, messaging, routing). Its NAICS code is 518210 and its SIC code is 7373.