Moeco is a Berlin developer of a service platform designed to let clients deploy city-scale IoT networks with blockchain. The platform is positioned for urban IoT deployments and emphasizes blockchain as part of its architecture. The company was founded by Russian entrepreneur Dmitry Gorilovsky, a former Yota employee and one of the participants in the YotaPhone project. In July 2020 Moeco received a $1M investment reported by TMT Investments. The article does not provide operating metrics, product roadmaps, or additional financial details. Moeco is a Hong Kong–based blockchain platform with offices in Berlin and San Francisco that crowdsources IoT connectivity by using smartphones' integrated Bluetooth LE to create a mesh of proximity-activated IoT hotspots. Its network encrypts data end-to-end, and the company says Bluetooth LE prevents sensors from collecting user data. Moeco has a regional partnership with UAE voice and chat app Yzerchat to roll out a library that will turn Bluetooth-enabled devices with the app into IoT hotspots, with Dubai planned as the first test market. The startup says its approach can reduce IoT costs by up to 30x and enable more fine-grained sensor data for retail, transportation, smart city, infrastructure, and smart buildings. Competitors cited in the article include IoT-Narrowband, Sigfox, and Helium. Moeco recently raised $5M from the Bitfury Group.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2020