What Devvio does

Devvio Inc. is a privately held blockchain infrastructure company headquartered in Albuquerque, New Mexico. The company was founded by Tom Anderson (former founder and CEO of Novint Technologies) and operates with 11-50 employees. Its flagship product is DevvX, a Layer-1 blockchain that uses a sharded architecture in which each application can be assigned its own shard, with custom smart contracts and tokens, and that the company claims can process over 8 million cross-shard transactions per second. Transactions are submitted through a traditional Web2 RESTful API, positioning DevvX as a developer-accessible enterprise blockchain with claimed energy consumption at roughly one three-billionth of Bitcoin's and operating cost at roughly one ten-millionth of Ethereum's; these claims are not independently benchmarked in the source material.

Devvio's commercial offering centers on the DevvX blockchain plus ancillary financial-services tooling: hosted digital-asset wallets, KYC/AML compliance tools, digital-asset conversion (buy/sell) services, and protocol staking services with commission-based monetization. Revenue is generated via transaction fees and spreads, staking commissions, and usage of the wallet/conversion services, although no pricing tiers, transaction volumes, or customer counts are publicly disclosed. Distribution is API-first and self-serve for developers, with direct enterprise outreach handled through website forms; no named enterprise customers, channel partners, or resellers are identified.

The company's strategic posture has shifted from pure protocol development toward a broader platform-plus-financial-services stack, evidenced by recent executive additions including a Chief Revenue Officer, Chief Innovation Officer, and a Global President / Managing Director leading a Devvio VC arm. Devvio has raised approximately $2.2M cumulatively across a 2019 round and a much smaller 2022 round, with no disclosed institutional venture backing, no M&A activity, and no partnerships publicly announced. It holds registered trademarks on the Devvio/Devv/DevvE/devv.io brand but no disclosed patents.

Name

Devvio

Legal name

Devvio Inc.

Website

https://devv.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Devvio is a private blockchain infrastructure company that builds DevvX, a sharded Layer-1 blockchain for enterprise applications with RESTful API integration. It monetizes via transaction fees, staking commissions, hosted wallets, and compliance tools, with no enterprise customers publicly disclosed.

Ownership category

akta.pro rank

Product category

Enterprise Blockchain Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Finance Services (6199)

akta.pro primary industry

Deployment, Automation & DevOps (build pipelines, contract deployment tools) (FSAPABAH)

Keywords

• Enterprise blockchain platform
• Sharded blockchain architecture
• Digital asset wallets
• Smart contract development
• Web3 application development

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Transaction Fees: Devvio charges fees based on a percentage of the transaction for buying and selling Digital Assets. The company may also take a spread on transactions.
2. Staking Services Commission: Users can stake Digital Assets held in their Devvio Account via staking services facilitated by Devvio. Devvio distributes rewards to users pro rata, minus any commissions set forth on their website. Staking rewards are not guaranteed and subject to the individual protocol of the applicable Digital Asset.
3. Digital Asset Wallet Services: Devvio provides digital asset wallets enabling users to monitor storage, tracking and management of Digital Assets. The company processes transactions according to user instructions and may act as agent or principal in facilitating purchases and sales of Digital Assets.
4. KYC/AML Compliance Tools: Devvio provides KYC/AML compliance tools as part of their service offering for identity verification and regulatory compliance.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Devvio builds and operates DevvX, an enterprise blockchain platform built on a sharded architecture in which each application can be assigned its own shard with custom smart contracts and tokens. The platform is accessed through a traditional Web2 RESTful API and supports over 8,000,000 cross-shard transactions per second at 1/3,000,000,000 of Bitcoin's energy use. Devvio also delivers supporting services including KYC/AML compliance tools, hosted digital asset wallets, digital asset conversion services, and staking services via DevvX Accounts.

Product overview

Devvio offers DevvX as its core enterprise blockchain platform, utilizing a sharded architecture that allows applications to have their own dedicated shards. The platform is designed for high throughput (8M+ TPS) and energy efficiency. Additional services include KYC/AML compliance tools, hosted digital asset wallets, conversion services for buying/selling digital assets, and staking services. The DevvX Account system provides user access to all platform services.

Differentiator

Problem solved

Functional benefit

Brands

• DevvX: A blockchain built for enterprise business that offers flexible sharding architecture, high transaction throughput (8,000,000+ cross-shard transactions per second), and interoperability with Web2 RESTful APIs.

Products and services

• DevvX Blockchain Platform Enterprise blockchain platform built on a sharded architecture where each application can have its own shard with custom smart contracts and tokens; processes over 8,000,000 cross-shard transactions per second at 1/3,000,000,000 of Bitcoin's energy use; integrates via a traditional Web2 RESTful API for enterprise businesses across industries.
• KYC/AML Compliance Tools Identity verification and regulatory compliance tools provided by Devvio to detect illegal activity such as money laundering, terrorist financing, and fraud, including document verification and identity checks performed during DevvX Account registration.
• Digital Asset Wallets Hosted digital currency wallets enabling DevvX Account users to monitor, store, track, and manage Digital Assets, with the ability to request, send, and receive supported digital assets.
• Digital Asset Conversion Services Conversion services that arrange for the purchase and sale of Digital Assets in transactions facilitated through DevvX Accounts.
• Staking Services Staking services that allow users to stake Digital Assets held in DevvX Accounts via protocol staking, with rewards distributed monthly pro rata minus Devvio commissions, subject to applicable Digital Asset protocol rules.

Quantifiable outcome

• 8,000,000+ cross-shard transactions per second throughput
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Algorand: Enterprise-focused layer-1 with low energy footprint and custom token/asset support; competes with DevvX for enterprise, sustainability-conscious, and regulated-market use cases.
• Cosmos: Interoperable ecosystem of app-specific blockchains (zones) with custom logic and tokens — structurally similar to DevvX's per-app shards and competing for the same multi-chain enterprise vision.
• Hedera: Enterprise-focused distributed ledger (hashgraph) emphasizing throughput, energy efficiency, and governed council — overlapping with DevvX's enterprise, sustainability, and throughput positioning.
• Solana: High-throughput layer-1 blockchain that competes with DevvX on transaction throughput and enterprise-grade performance; both target low-cost, high-TPS workloads as a core differentiator.
• Avalanche: Layer-1 with customizable subnets (analogous to DevvX's per-application shards), custom VMs, and token support — the closest architectural analogue and a direct enterprise-blockchain competitor.
• Polkadot: Sharded multi-chain architecture (parachains) with per-chain custom logic, mirroring DevvX's shard-per-application model; both pitch interoperability and bespoke chain deployment to enterprise and Web3 builders.
• NEAR Protocol: Sharded layer-1 blockchain (Nightshade) targeting high throughput and developer-friendly onboarding — directly comparable to DevvX on sharding architecture and Web3 developer tooling.

Emerging players

• Fantom: High-performance DAG-based L1 emphasizing fast finality and low fees; a comparable throughput-oriented L1 competing for the same enterprise and Web3 developer mindshare.

Broad incumbents

• Ethereum: The dominant smart contract platform and explicit cost/throughput benchmark DevvX positions against; competes indirectly via L2s but sets the enterprise smart-contract baseline.
• Polygon: Major scaling/enterprise blockchain suite offering app-specific chains (Polygon CDK/Supernets) with custom tokens and smart contracts; competes with DevvX for enterprise deployments seeking Ethereum-compatible throughput.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks2 records

Key highlights7 records

Customer concentration

• Xx.com/DevvioInc
• Facebookfacebook.com/Devvioinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Devvio