NetObjex is an Intelligent Automation Platform for Smart Cities and Connected Enterprises
Irvine, CA, USA
One Liner
One Liner
NetObjex is an Intelligent Automation Platform for Smart Cities and Connected Enterprises
What Problem We are Solving
Problem
NetObjex is an Intelligent Automation Platform for Smart Cities and Connected Enterprises that enables tracking and tracing of assets, asset performance optimization, and reduce asset shrinkage/waste/inefficiencies, through IoT, AI and Blockchain technologies.
The platform is a hub that consists of five gateways to: IoT Devices, AI Engines, Distributed Ledgers, Enterprise Systems and Messaging Protocols. The hub includes features such as a digital asset repository, a rules engine, payload management, dashboards and more.
Solutions developed using the NetObjex network range from peer to peer energy trading, tracking academic credentials on blockchain, supply chain traceability, smart water metering, anti counterfeiting crypto tags, fleet management of kiosks, powering smart medical devices, and more.
About Us
About Us
Our platform utilizes IoT for data acquisition and dissemination; works with all major communication protocols; includes features such as rules engine, alerts and messaging, enterprise integration, blockchain integration, and more. Solutions developed using the NetObjex network range from smart electricity meters, dynamic wireless electric vehicle charging, smart water metering, solar panel efficiency, fleet management of kiosks, powering smart medical devices, and more.
We leverage blockchain technology by giving each asset a unique blockchain id and this facilitates devices having a system of record that functions across trust boundaries for device discovery, authentication, communication and transaction. Digital assets can also be attached to a digital wallet for inter-device payments e.g. car to parking meter, drone to base station etc. Our platform integrates seamlessly with a number of private and public blockchain technologies including Ethereum, IOTA, Hyperledger and more.
Venture Highlights
Highlights
Awards
Sep 2017: Top 25 at Spring Singapore, Singapore
Jan 2018: Top 20 at Capital Innovators, St Louis, Missouri
Feb 2018: Top 25 at PortXL, Rotterdam, Holland
May 2018: Top 21 at NetApp XCellarator, Bangalore, India
Dec 2018: Top 15 at Pioneers, Smart Energy Hackathon, Bern, Switzerland
Feb-Jun 2018: Accenture Open Innovations Cohort Partner
Jan 2019: Quake.VC Top 50 West Coast Challenge
April 2019: Telecom Council - 15 Most Innovative Companies for 2019
April 2019: Startup World Cup 3rd place for LA Regional Finals
May 2019: Vodafone Top 100 Startups for 5G Launch
Summer 2019: MassChallenge Texas Cohort
Revenues and Customers
$780K in revenues in 2018
14 OEM Clients using our platform across multiple domains in 4 continents
Funding
Oversubscribed in Round 1 Reg CF Crowfunding
1 Insititutional investor - Malaysian Listed CCHB
Business Model
Business Model
We make money in the following ways: 1) SaaS revenues from OEM customers. Like Cellphone companies sell minutes, we sell events (messages from edge to cloud, blockchain transactions, etc count as events) and events are sold in bundles of 100K to 100MM, no rollover, annual contracts. 2) NRE Revenues for onboarding OEMs, and some service clients
Competitive Advantage
Quote
Experienced team with prior exits and pedigree
14 OEM clients and scaling and accelerating towards non-linear revenues
We believe that we differ from ThingWorx in terms of their focus in manufacturing whereas we are far more horizontal, and the dated nature of their platform. In terms of VeChain, we are more agnostic on the edge device and blockchain support than their more propreitary approach. As for c3IOT, they are well heeled but focused on the very large opportunities at a high price point, whereas we are far more affordable, have a turnkey solution which is more geared to the mid market.
We are open to meeting up to grab a coffee, or just to chat.
We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!
