Does IoTeX lead rounds?

IoTeX typically participates in rounds rather than leading them.

IoTeX

2 people tracked

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Find your way into IoTeX

515 people in our graph share verified history with the IoTeX team — schools, employers, funds. One of them is your warm intro.

Adamunlockedknows Jing Sun · together at SourceDNA (overlapped)

×2knows the team · via Uber

×5knows the team · via Oracle

knows the team · via Cobalt

×2knows the team · via Temasek

knows the team · via IOSG Ventures

✨ Fox Verdict

Investment thesis

Invests exclusively in DePIN and Real-World AI projects using verifiable physical-device data, backed by ex‑Google/Uber/Facebook engineers with cryptography PhDs and immediate access to a production blockchain of millions of devices.

Invests inAI & Machine Learning Climate Tech Crypto & Web3 Deep Tech Energy Hardware

Source: firm website, verified Aug 7, 2026.

Leads rounds

Follows

Tracked investments

Team · 2 people

from curated

Jing Sun· Founding Member, Head of investment and ecosystem· San Francisco, Californiain 𝕏

Jing Sun is a cofounder of IoTeX and MachineFi Lab, where she focuses on blockchain infrastructure and decentralized data networks. She works on connecting physical-world systems to blockchain technology and is actively recruiting for her team.

Raullen Chai· Co-Founder & CEO· Palo Alto, California, United Statesin 𝕏

Raullen Chai is the co-founder and CEO of MachineFi Labs, which develops Trio, a multimodal AI model designed to process video, audio, and sensor data for physical operations. The company is backed by Samsung, Goodwater, and Hanwha, with a team including former employees of Google, Meta, Uber, Intel, and Bosch. Chai previously co-founded IoTeX in 2017, served as Head of Security at Uber, led a $50M ARR infrastructure product at Google Cloud, and holds a PhD in cryptography from the University of Waterloo.

What they invest in

from 4 of 4 portfolio companies

Crypto & Web3 ×4AI & Machine Learning ×2Data & Infrastructure ×2Hardware ×2IoT ×2Deep Tech ×1Enterprise Software ×1Mobility & Transportation ×1

HQs:Germany×1

Investments · 4 tracked

founders shown can be your intro path

Fogworksfogworks.io in 𝕏✓ verified

Fog Works develops personal AI edge computing solutions, combining software and hardware, that allow users to run AI assistants locally while maintaining data sovereignty through a decentralized storage network.

AI & Machine LearningCrypto & Web3Data & InfrastructureHardwareIoT

Xinglu Lin(CEO & Co-Founder)Victor Chen(COO)Zhicong Liu(Chief Engineer)Felicia DengWilliam Entriken(Chief Architect)

Co-investorsAlumni Ventures OnePiece Labs Protagonist Solana Foundation Draper Dragon

DePHYdephy.io

DePHY provides open-source hardware along with SDKs and tools to connect hardware devices to blockchains while lowering manufacturing and network messaging costs.

Crypto & Web3HardwareIoT

Co-investorsCandaq Fintech Group DefinanceX Foresight Ventures

Health Herogohealthhero.com

Health Hero is an enterprise platform that turns employee health actions into tokenized, on-chain assets and rewards, offering a private-label real-world-asset (RWA) toolkit, AI-powered dashboards, and a marketplace for trading tokenized organizational assets.

Crypto & Web3Enterprise SoftwareWellness & Fitness

Co-investorsHouston Angel Network Neer Venture Partners One Planet Group Portfolia Animoca Brands Blockchain Founders Fund +1 more

NATIXnatix.network in 𝕏Apr 2024 · $9.6M

NATIX operates a decentralized, crowdsourced camera network that collects multi-camera driving and street-level data globally.

AI & Machine LearningCrypto & Web3Data & InfrastructureDeep TechMobility & TransportationHamburg, DE

Alireza Ghods in Omid Mogharian in Ulrich Lages(CEO & Founder)in Alireza Ghods, Ph.D(Core contributor - CEO)in Lorenz Muck in

Co-investorsBorderless Venture CV VC Digital Currency Group Ev3 Ventures Llc Inception Capital (ex OP Crypto)Mulana Capital +10 more

Frequently asked questions

What sectors does IoTeX focus on?: IoTeX focuses on AI & Machine Learning, Climate Tech, Crypto & Web3, Deep Tech, Energy, Hardware.
Does IoTeX lead rounds?: IoTeX typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

Raullen Chai, CEO of IoTeX, on The Current DePIN Landscape, Autonomous Infrastructure, and more

Cryptonews Spotlight · Raullen Chai

IoTeX CEO Raullen Chai and Multicoin Cap Investor Shayon Gupta Fireside Chat

IoTeX Official · Raullen Chai

BOOM ROOM: Interview with Raullen Chai - Co-Founder of IoTeX (Ep. 11)

Arcanum Ventures · Raullen Chai

Raullen Chai, Co-Founder of IoTeX

Proof of Coverage Podcast · Raullen Chai

All Things IoTex With CEO Raullen Chai

Web3 Working Group · Raullen Chai

R3al Talk – IoTeX CEO Raullen Chai on Devnet

IoTeX Official · Raullen Chai

Images

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