IoT Insider caught up with Internet of Everything (IoE) Corp to learn more about the way that this startup is reshaping the Internet of Things.
Tell me a little about IoE Corp. When was it founded, and what is its mission/purpose?
Chris: “It all started because my previous senior sales executive positions at Oracle and Siebel Systems, among other Fortune 500’s, made me realise there is an enormous gap in the Internet of Things industry. The gap refers to privacy and security that not even the biggest tech enterprises have covered. So I began the endeavour as Quisnet’s CEO, a company based in Salt Lake City, providing the world’s leading deep-tech solutions to Fortune 500 enterprises, and I met Mattias.”
Mattias: “Yes, before meeting Chris, as Quantum1Net’s CEO, we had achieved multiple public entity research contracts in practical AI and decentralised autonomous software solutions in the US, Middle East, APAC, and Europe. But due to the arrival of the Covid-19 pandemic, the firm decided to pivot to the private market; this was when Chris and I began this fantastic project to develop the world’s decentralised virtual service platform. With the mission to provide security, autonomy, and scalability for the arising massive Internet of Things (IoT) deployments.
I have to say that Chris is a sales extraordinaire and has raised a $4 million seed round, with which the tech team developed this incredible service infrastructure of the Internet of Everything. The secure, decentralised software layer that lives on top of IoT devices clusters them into computation resources, data lake storage and provides localised D2I or data to information processing with AI capabilities. A Private Garden Cloud technology we call Eden.”
Chris: “So in conclusion and answering your question, with the deep knowledge Mattias and his team have of the Internet, our revolutionising approach to service huge IoT deployments, IoE Corp, was founded in 2021, and our mission and purpose are to accelerate the transition to a sustainable world through the Internet of Everything. We are super excited as we strive to help reach the UN’s SDGs and realise the promise of improving societies’ living standards via digitalisation.”
What is Eden, and what makes it so unique from what other companies offer?
Mattias: “I already gave a brief description, but in more detail, we can say that Eden is developed because when we looked at the Internet, we noticed a destructive factor for future deployments, and that is that you are constantly moving the data to a centralised point.
Don’t get me wrong; this works great for web and cloud services that are inherently centralised. Still, it does not make that much sense for the IoT to move all data in-processed from the IoT devices to a central point for processing and then move the data back out to devices again for actuation.
Why? Well, first, it is bad for real-time responses. Secondly, achieving sustainable computing is close to impossible. And thirdly, the cost to run an IoT service becomes increasingly higher if you want to scale up, as cloud providers charge you for data transport, data processing, and data storage. So the more data your service produces, the more you will pay.
So with these foundations, we began our mission to secure and sustainably manage IoT data flows, basing our innovative Eden awesome design on a decentralised model based on scalable device clustering. In this way, data is processed locally in our Eden Edge Cluster, which means that raw data doesn’t need to be pushed to the public cloud, giving compute efficiency and cost-effectiveness to our customers/partners as they save on bandwidth and external resources.
Security-wise, we developed quantum-safe tunnels using polymorphic encryption keys and a consensus blockchain to verify the data moved between the nodes over the tunnels, creating trusted data private gardens; and achieving data trust in Zero-Trust environments….”
Chris: “If you don’t mind me answering Mattias, about the uniqueness…
Mattias: “Sure, go ahead, Chris.”
Chris: “Well…our uniqueness resides more in our company philosophy. We understand that a company is not only about its solutions and offerings. Even though IoE Corp’s Eden solutions and services are amazing, a company is a group effort. There might be leaders to focus efforts and lay a path forward, but in the end, it is a group effort; this is why inclusiveness is a core part of who we are. We don’t want people just to do a job; we want them to know and feel excited because they are working to make the world a better place; this is what makes us unique, right, Mattias?”
Mattias: “Absolutely.”
Have you got any exciting products/solutions/releases that we should watch out for?
Chris: “From the business side, we are opening an A-round that we plan to close by August, raising $25 million. We are also closing three key customers. For Informed Infrastructure, a smart city project, and smart med-tech. So there will soon be some exciting press releases.”
Do you have any plans for scaling up?
Mattias: “The release of Eden as a platform will give automatic scale, which means that soon anyone can use Eden to build applications and services, we are super excited to see what Eden will be the foundation of, but before that, we are releasing our global Planet Partner Program to start bringing in international customers, which in its self is also very exciting.”
Chris: “As Mattias has pointed out, and I’ve said before, the awesome partner ecosystem will provide us with the steppingstones to scale. Therefore, our plans to scale up reside in supporting our global partner ecosystem, starting with our A-round fundraising via Corporate Venture Capital. 2022 will be very interesting!”
What are some problems you’ve encountered since starting up the business, and how did you overcome these?
Chris: “The most important problem we encountered, like all other companies, was dealing with the pandemic. We’ve adapted to the online meetings to overcome it, although I must say it has slowed the process, as having online meetings with possible investors isn’t ideal.”
Mattias: “I’d like to add another interesting problem that we’ve encountered, during meetings, if you don’t mind, Chris….”
Chris: “Sure!”
Mattias: “Well, one of the applications of our technology is smart cities; thus, we’ve had meetings with smart city projects. Within these meetings, we’ve found it hard to get through to decision-makers because they have a preconceived idea of what smart cities are and believe they know all about them, and we aren’t going to add anything new. Interestingly enough, when we entered these meetings with another perspective, indicating we provide Informed Infrastructure to enhance cities, decision-makers began to listen.”
You talk about Informed Infrastructure to enhance cities. Can you explain?
Mattias: “Informed Infrastructure arises, as I just said because we have experienced through various meetings that decision-makers have a preconceived idea about smart cities, which is providing citizens with an app; this is why we looked into presenting our solutions as IoE Informed Infrastructure, deviating from apps and acting on city infrastructure. What cities can gain with our IoE Informed Infrastructure are tangible solutions that city dwellers can identify with and see the incredible benefits that digitalisation can offer.
We are talking about the possibility of predicting potholes, pipeline leakage, and air quality controls within healthcare. Outstanding solutions that will provide citizens with real results like paying fewer taxes, driving through better-maintained traffic networks, and optimising their time on the road. And with air quality controls within hospitals, patients’ and visitors’ risks of being infected with, for example, HAI (Healthcare-Associated Infections) can be reduced drastically.
These unprecedented advantages of Informed Infrastructure lead to better living standards for citizens, which the technology promised with city digitalisation and has yet to be realised. IoE Corp’s Informed Infrastructure can finally provide citizens with this promise.”
I believe you have spoken at various conferences about active and passive risks within massive IoT deployments? Can you give us a brief description?
All these cyberattacks have one common trait, and that is that they, in one way or another, exploit centralised infrastructure solutions.
Therefore, to believe that cybersecurity in its current form of attacker/defender will work when any takeout of data flow or service is directly and immensely disruptive to our economy, security, and lives Is not to take these risks seriously.
I could talk more about the active risks; maybe, we can do a deep dive into active attacks on another occasion and how our awesome tech mitigates them.
The passive risks come down to size, and speed, as in large deployments of anything, there will always be some parts that don’t perform as expected. In massive IoT deployments, the big risks are erroneous data or slow data. Imagine if sensors and devices deliver inaccurate data to, for example, an AI; this can create enormous disruptions in the real world.
As we are all aware, city traffic routing, logistics planning, telemedicine, the list goes on and on are new fantastic services that will enhance our lives and help create a sustainable future. But for these services to shine, they need to be able to rely on the data delivered. So that autonomous services can be trusted to do their job of monitoring millions and millions of devices in real-time, it is insane to think it can be done using IT departments.
Another crucial factor is speed; real-time or close to real-time is critical for first responder services, healthcare, physical infrastructure, right? There should be no intermediate steps, but currently, there are solutions, like cloud technology, and to be honest, these are catastrophes waiting to happen.
But we have solved these problems as IoE Corp’s groundbreaking product range negates these risks and provides future-proofing against Quantum computer-enhanced hacking. Amazing, right?
Brief enough? As said, we can do another interview specific to these risks.”
About Chris Bijou
Chris Bijou, pictured above, is IoE Corp’s founder and CEO, and a relentless high-tech pioneer and serial entrepreneur with thirty years of experience bringing disruptive technology to global market adoption. He held senior leadership positions at Fortune 500 companies such as Oracle and Siebel Systems, where his sales and service programs are still followed. Has hired and trained most of the executives at companies like Google, Microsoft, Apple, Salesforce, Oracle, Wells Fargo, Nike, Intel, SAP, Adobe, among others, and flipped their go-to-market strategies for the better. Also closed various multi-million dollar deals that require multiple divisions in all business areas. Such achievements led him to patent and developed a series of sales, service, and marketing systems to run multi-billion dollar tech and services groups. After his successful corporate career, he pioneered on one side the digital imaging market together with Xerox, with more than +50,000 companies using the technology, and on the other, the SaaS and IaaS multi-billion market with iDealResponse.
About Mattias Bergstrom
Mattias Bergstrom, pictured above, is IoE Corp’s Lead Product Architect and Chairman, is a successful innovator, serial entrepreneur, and futurist with a primary focus on business and technical strategies of distributed networks, AI, and computing-based solutions. He has developed multiple Internet protocols and designed high-speed network solutions over 25 years. He also holds more than 60 patent claims in networking, wind turbine, and agricultural technologies. He has deployed global infrastructure solutions for the Internet and Digital-TV with a lot of success for more than three decades. He co-founded and exited multiple startups as CEO or CTO; OpenTV, Voddler, and System73. Mattias is a huge believer in the Internet and technology overall. He currently supports Governments and Fortune 500 with ground-breaking technology and strategic advice.