IoTeX Due Diligence
Run due diligence on IoTeX: check compliance and get alerts when suppliers change.
United States · iotex.io · 10 vendors
IoTeX is a decentralized, open-source blockchain platform focused on connecting real-world data and smart devices with artificial intelligence (AI) and decentralized applications. It provides modular infrastructure, including a Layer-1 blockchain, for building and powering next-generation AI models and applications that leverage verifiable, real-time data from physical networks. The platform aims to enable an ecosystem where machines, humans, businesses, and applications can interact with trust and privacy.
Resilience scores
- Digital Sovereignty: 60
- Digital Resilience: 9
- Financial Resilience: 4
Technology vendors
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- and 7 more
Services catalogue
1 service in catalogue across 1 category; runs on 10 sub-vendors.
- DePIN Infrastructure
Insights
Last updated 2026-08-14 · revision 2
10 direct vendors, 142 subvendors
Direct vendors by controlling owner country (sample)
- Sweden: 1
- Slovenia: 1
- United States: 6
Subvendors by controlling owner country (sample)
- United States: 107
- South Korea: 1
- Netherlands: 4
Compliance
9 in-scope frameworks identified; showing 3.
ISO 27001 (source) — No public evidence
Evidence: https://iotex.io/privacy
PIPEDA — Evidence found
Evidence: https://iotex.io/privacy
SOC 2 (source) — No public evidence
Evidence: https://iotex.io, https://iotex.io/privacy
Financials
Three-year financials
- 2024:
- 2023:
- 2022:
Financial Resilience Score: 4/10
IoTeX is a private blockchain foundation/protocol that does not publish audited financial statements, has no SEC filings, and does not disclose revenue, EBIT, or equity. Assessment must therefore rely on token treasury value, ecosystem activity, and disclosed fundraising history rather than GAAP figures. The project has an established multi-year operating history since 2017, which is long-lived for a crypto project, and has demonstrated ecosystem traction with 25M+ connected devices, ~399 ecosystem projects, and a self-reported US$5B+ aggregate ecosystem market value as of 2025. However, financial resilience is materially constrained by dependence on IOTX token economics. Chain fees, staking rewards, and treasury value are all denominated in IOTX, which has traded from an all-time high of ~US$0.26 (Nov 2021) to roughly US$0.02–0.05 in 2023–2025—implying significant treasury drawdowns. Historical fundraising of ~US$30M (2018 token sale) and a US$50M ecosystem fund (2021) provided initial capitalization, but current cash reserves and burn rate are unverifiable. Regulatory uncertainty around DePIN tokens and staking, combined with concentration risk to a small number of large DePIN partners and broader crypto market cycles, further limits resilience visibility. The score reflects the absence of transparency more than confirmed weakness.
Key strengths: Multi-year operating history since 2017, Token treasury from 10B IOTX supply cap held by foundation, ~US$30M raised in 2018 token sale plus US$50M ecosystem fund (2021), Ecosystem traction: 25M+ DePIN devices, ~399 projects, US$5B+ aggregate ecosystem market value (2025), Low fixed cost footprint as a protocol/foundation, Positioned in active DePIN and AI narratives
Risk factors: No audited financials or SEC disclosures, Revenue model dependent on IOTX token economy, IOTX price volatility (from ~US$0.26 peak to US$0.02–0.05 range), Regulatory risk around DePIN tokens and staking, Concentration risk to large DePIN partners and crypto market cycles, No visibility into cash reserves, runway, or burn rate
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