IoE Corp raises $4m in mission to sustainably evolve IoT into IoE

IoE Corp, the decentralised software infrastructure IoT cloud alternative, has announced that it has completed a $4m seed round.

The Internet of Things (IoT) is bringing to the market and society a digital transformation that promises to provide great benefits and advantages. As the Internet of Everything Corporation’s (IoE Corp’s) founders, Mattias Bergstrom and Chris Bijou, acknowledge and embrace. But they are also aware of the difficulties that have arisen when massive IoT or IIoT deployments are being installed.

As such, they have developed an Internet-based decentralised End-to-End service platform, consisting of an infrastructure layer, a service layer, and a service management system. This groundbreaking technology provides the requirements to pave the way for IoT to evolve into the Internet of Everything (IoE). This tech creation by Chris and Mattias is Eden 1.0, a breakthrough that has been able to close a $4m seed round because, as Mattias indicates:

"The beauty of Eden 1.0 is that now, instead of just having programs running on servers, we now have intelligent clusters out there, where a single service runs on gossamer threads over many sources and  creates a new sort of service at the edge and in the fog."

This type of technological advancement assures the mitigation of current large IoT deployment solutions that are based on cloud technology that is used as the main service infrastructure today. These cloud service providers cannot manage the data flow patterns of the Internet of Everything, or the security and privacy, as it has grown out from the centralised web technologies.

IoE Corp has already made tremendous progress toward the goal of providing a simple, 

affordable, accessible End-to-End solution for IoE services, be it, sustainable smart cities, apartments, buildings, healthcare, AI, or Car firmware updates. Now these two visionaries have focused on working with partners to understand how they best can help.

This path has led, naturally, to some initial proof of concept projects that will help Chris and Mattias make sure that IoE Corp’s solutions address all the pains of future customers. The next step for Chris and Mattias is raising $25 million in an A-round that will help IoE Corp scale the product development. When this next funding round is closed, IoE Corp will be able to capture the IoE wave of market growth, and secure the company as a leader in IoE.

The potential is enormous, but we will have to wait and see what 2022 and the future holds for IoE Corp. But asking the founders what their vision of the future is, Chris said.

“I can’t overstate the importance of our partner ecosystem, for them and us. The Internet of Everything virgin market is bigger than any one company could ever service. It’s becoming a Multi-Trillion dollar market with nearly unlimited opportunities as every industry is being transformed.”

So for the founders of Internet of Everything Corporation, their ultimate immediate goal is “supporting our global partner ecosystem is the priority,” Chris Bijou concluded.

Startup Details

Startup Details

TOTAL FUNDING AMOUNT
CB RANK (COMPANY)

IoE

Internet of Everything Corp develop and manage an Internet-based decentralized End-to-End service platform, comprising an infrastructure layer, a service layer, and a service management system. 

  • Headquarters Regions
  • Founded Date
  • Founders
    Chris Bijou
  • Operating Status
    Active
  • Number of Employees