Netherlands based IoT startup Moeco has raised a $5m funding round led by Bitfury.
“Moeco’s goal is to ‘uberize’ IoT connectivity by delivering data to the right place in a secure way and making sure the gateways are compensated fairly,” said CEO Dmitry Gorilovskiy. The transactions are carried out using Moeco’s own Moe tokens, its own cryptocurrency, for which it will be launching an initial coin offering (ICO) later this month. “This is why we are especially excited about our decision to use Bitfury’s Exonum protocol. Exonum is at the core of the Moeco platform,” said Gorilovskiy.