About IOST
IOST is a Technology company based in Singapore (Singapore) founded in 2017 by Sa Wang, Yannan Wang, Jimmy Zhong, and Ray Xiao. Enterprise-grade blockchain infrastructure is offered for online services. IOST has raised $21 million across 1 funding round from investors including DWF Labs, PrestoDB and Rollman Management. Its focus areas include High Tech, Blockchain Infrastructure, Blockchain Network and Blockchain Technology. Its legal entity is INFUN PTE. LTD.
Company details
IOST was founded in 2017 in Singapore as a blockchain platform focused on enterprise applications. Operations center on a Proof of Believability consensus mechanism, enabling secure smart contracts with key-value storage, inter-contract calls, and multi-signature support. Developers are supported in creating private test networks and operating testnet nodes, serving the blockchain sector for online infrastructure needs.
- Headquarters Singapore, Singapore
- Founders Sa Wang, Yannan Wang, Jimmy Zhong, Ray Xiao
- SectorsTechnology
- Website iost.io/en
- Social LinkedIn X Facebook
- Legal Name Infun Pte. Ltd
- Total Equity Funding$21M (USD)
in 1 rounds
- Latest Funding Round$21M (USD), Series B
Jun 2025
- InvestorsDWF Labs
& 2 more
Funding Insights of IOST
IOST has successfully raised a total of $21M through 1 strategic funding round. The most recent funding activity was a Series B round of $21 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $21M
- Total Rounds 1
- Last Round Series B — $21M
- First Round $21M
(Jun 2025)
- Investors Count 3
All 1 funding rounds of IOST with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
3 investors in total: 3 institutional.
Investors in IOST
IOST has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include DWF Labs, PrestoDB and Rollman Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in web3 technology startups | dwf-labs.com | Singapore, Singapore | ||
| rollmanmanagement.com | ||||
Open-source SQL engine for querying massive datasets across sources. | 2013 | prestodb.io | California, United States |
Investor details for IOST
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of IOST
4 people are tracked at IOST (4 in leadership).
| Name | Role | Group |
|---|---|---|
Sa Wang | Co-Founder & CMO | Leadership |
Yannan Wang | Co-Founder & CTO | Leadership |
Jimmy Zhong | Co-Founder | Leadership |
Ray Xiao | Co-Founder | Leadership |
Complete people profiles for IOST
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of IOST
2 dated milestones of IOST across 8 years, from founding to its latest funding, stage changes and deals.
- Founded IOST is founded.
- Funding First funding round of $21.0M.
Web traffic of IOST
The website of IOST (iost.io) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 40.9% vs previous month
Websites whose visitors overlap most with IOST. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zengo.com | 100% | 265.3K | #193,022 | View details |
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Related news about Iost
Complete news archive for IOST
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about IOST
IOST was founded in 2017 and raised its 1st funding round 8 years after it was founded.
IOST is headquartered in Singapore, Singapore.
IOST is a funded company, having raised a total of $21M across 1 funding round to date. The company's 1st funding round was a Series B of $21M, raised on Jun 2025.
IOST was founded in 2017 in Singapore as a blockchain platform focused on enterprise applications. Operations center on a Proof of Believability consensus mechanism, enabling secure smart contracts with key-value storage, inter-contract calls, and multi-signature support. Developers are supported in creating private test networks and operating testnet nodes, serving the blockchain sector for online infrastructure needs.
IOST operates through Infun Pte. Ltd.