ITOX
Industry:
Hardware Software

DESCRIPTION

IIOT-OXYS is an early-stage startup that develops edge computing hardware, software, and algorithms for industrial and infrastructure monitoring. The core idea is to collect sensor data from machines, structures, and equipment, process it locally at the "edge" rather than in the cloud, and use proprietary algorithms to deliver actionable insights to customers. Target applications include predictive maintenance, machine uptime monitoring, energy monitoring, and process quality improvement for smart manufacturing customers in medical devices, biotech, and pharma, as well as structural health monitoring for bridges and civil infrastructure. The intended business model combines one-time hardware and software sales with ongoing algorithm and insights-as-a-service delivery. IIOT-OXYS uses open-source software as a base layer to reduce development costs, then builds proprietary algorithms on top for each customer. The company sells through direct business development by management, third-party partnerships, and trade shows. IIOT-OXYS is pre-revenue for practical purposes, having generated only limited revenue since its first sale in late 2017, with growth constrained by difficulty raising capital. The company has one full-time employee, the CEO, with all other business services provided by outside contractors.

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