# TEEX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/teex

- Industry: Internet
- Headquarters: China
- Website: www.teex.io
- Latest round: Angel (Jan 31, 2019)
- Investors on record: 4

## About

TEEX delivers a secure distributed computing platform known as the TEE-enabled eXecution Platform, leveraging blockchain technology to facilitate a decentralized marketplace for computing resources.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 raised Angel funding in January 2019, securing investments from GBIC, IMO Ventures, Matrix Partners China, and NGC CAPITAL LIMITED. The funding details were not disclosed, and the company has completed one deal to date.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. The platform serves a diverse array of clients, including machine learning developers and those in data privacy, across North America, Europe, and Asia.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. Specific pricing details are not disclosed, positioning TEEX within the privacy-preserving technology sector and decentralized computing solutions.TEEX plans to leverage new funding to enhance its platform features and expand its reach. 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. The Angel funding raised in January 2019 will support these initiatives, enabling TEEX to strengthen its position in the decentralized computing landscape.

## Funding rounds

- Angel, Jan 31, 2019 — MPC, GBIC, NGC CAPITAL LIMITED, IMO Ventures

## Investors

- MPC — Angel
- GBIC — Angel
- NGC CAPITAL LIMITED — Angel
- IMO Ventures (https://capitalatlas.ai/funds/imo-ventures) — Angel