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IoTeX raised $50M in a funding round
April 3, 2024
Blockchain Focused on DePIN IoTeX raised $50M in a funding round from SNZ Holding, Foresight Ventures, Borderless Capital, Amber Group, FutureMoney Group, Metrics Ventures, Waterdrip Capital, Escape Velocity, Summer Ventures.
IoTeX is a pioneering platform dedicated to integrating the physical and digital worlds through a modular DePIN (Decentralized Private-IoT Network) structure. It aims to empower the Internet of Trusted Things, enhancing scalability, privacy, and interoperability across IoT devices and applications. This platform enables users to connect real-world data and devices with blockchain, fostering the development of secure and intelligent IoT applications and ecosystems.
You can find all funding rounds, links, and details on the project page IoTeX