TEEX
Latest round
- Angel
Last raised
- Jan 2019
Total raised
- Undisclosed
Investors
- 4
About TEEX
TEEX, founded in 2018 in China, operates a platform that decentralizes computing resource sharing. The company was established by individuals with a vision to enhance blockchain applications and has not undergone any notable pivots or mergers. Najam Ashrafi is the CEO.TEEX primarily offers a secure distributed computing platform known as the TEE-enabled eXecution Platform, designed as a Layer-2 solution that utilizes blockchain technology. This platform creates a decentralized marketplace for computing resources, enabling efficient sharing among users, service providers, and workers. Key innovations include off-chain Trusted Execution Environments (TEEs) that maintain data confidentiality and integrity, addressing common performance and privacy issues in traditional blockchain systems.TEEX generates revenue through transactional services within its blockchain-based computing marketplace. The platform enables users to authenticate workers contributing computing power while ensuring secure data handling. Revenue is derived from fees associated with computing tasks performed on the platform, with charges based on resource consumption and task complexity. The company aims to introduce innovative products in the upcoming year and to penetrate new geographical markets, specifically targeting regions in Europe and Asia by 2025.
Who invested in TEEX
4 investors across 1 round
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Funding rounds
Angel
Jan 31, 2019
Amount
Undisclosed
Investors
Questions about TEEX
Who invested in TEEX?
TEEX has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has TEEX raised?
TEEX has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did TEEX last raise money?
TEEX's most recent round on record is a Angel, in Jan 2019.
What does TEEX do?
TEEX, founded in 2018 in China, operates a platform that decentralizes computing resource sharing.
Where is TEEX headquartered?
TEEX is headquartered in China.
Which VCs invest in companies like TEEX?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back internet companies at TEEX's stage. Their profiles are linked below.
VCs backing internet startups at Angel
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