# IoTex

IoTex is an other based in Menlo Park, United States.

## Overview

- **Organization type:** other
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** iotex.io
- **LinkedIn:** https://www.linkedin.com/company/iotex

## Regulatory record

- **Reports private funds:** No

## About

IoTeX is a blockchain-based technology firm founded in 2017 in Menlo Park, United States. It focuses on developing a decentralized network for the Internet of Things (IoT). IoTeX has secured $59,999,999 in total funding.

## Sectors

- AI/ML
- Industrial Tech
- Mobility & Transportation
- Energy Transition & Renewables

## Offices

- Grand Cayman
- Hong Kong
- Tortola
- London

## People

- Raullen Chai — Co-Founder & CEO
- Jing Sun — Co-Founder & Chief Investment Officer
- Qevan Guo — Co-Founder

## Questions

### Who controls investment decisions at IoTex?

Co-founders Raullen Chai (CEO), Jing Sun (CIO), and Qevan Guo set treasury strategy and approve ecosystem investments without an external investment committee. The Singapore-based foundation governs grants, while the venture studio in Menlo Park and Hong Kong structures direct equity positions in selected DePIN startups. This dual arrangement allows the core team to move capital between liquid token positions and early-stage private deals.

### How does IoTex fund its ecosystem investments?

Investments are funded through the IoTex Foundation's token treasury, supplemented by protocol-level emissions that incentivize developers and liquidity providers. In 2023 the foundation claimed roughly $50M in cumulative ecosystem funding, distributed between grants and direct equity to startups such as Wicrypt and Network3. The foundation does not raise closed-end funds or collect management fees from third-party capital.

### What investment stages and sectors does IoTex target?

IoTex targets primarily seed to Series A startups building decentralized physical infrastructure networks (DePIN) that integrate machine data, identity, and payments. Tracked sectors include edge-AI computing, decentralized wireless, smart-city sensor networks, and supply-chain provenance. The venture team does not invest in pure financial DeFi protocols, social tokens, or NFT platforms.

### Where does IoTex hold its intellectual property and treasury?

The IoTex Foundation is domiciled in Singapore, with treasury-adjacent entities registered in the Cayman Islands and the British Virgin Islands (Tortola). Protocol-level intellectual property—including the IoTex chain codebase and W3bstream identity middleware—is open-source and maintained by a globally distributed core team across San Francisco, Hong Kong, and London.

## Related profiles

- [Tencarva Machinery Company](https://altss.com/profile/tencarva-machinery-company)
- [International Blockchain Consulting Ltd](https://altss.com/profile/international-blockchain-consulting-ltd)

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Last updated: 2026-06-03T20:00:00.000Z

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