Hassan Maishera
The IoTeX team announced via Twitter on Wednesday that it's MachineFi Lab has raised $10 million to reach a $100 million valuation. The funding round was led by Samsung Next, Jump Crypto and early-stage venture capital firm DraperDragon.
IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is up by more than 6% so far today and is currently trading at $0.03491.
