IoT Startup Haxiot Launches Platform, Eyes Series A Funding

Demand for low-cost and low-power-consumption wireless tech is exploding in enterprise and industrial IoT — and Haxiot has the first device-to-cloud solution, according to COO Youyi Kitson.

Haxiot

Plano-based Internet of Things company Haxiot announced its X-ON platform which offers industrial IoT customers edge computing capabilities for real-time process control. What sets the company’s technology apart, according to Haxiot COO Youyi Kitson, is it has the first device-to-cloud complete solution, compared to its competitors’ “software only” or “hardware only” products.

Haxiot has the first device-to-cloud complete solution, compared to its competitors’ “software only” or “hardware only” products.

Habit

Youyi Kitson

One early adopter of the Haxiot X-ON platform is Imaatech, a technology and engineering company based in Mexico City that is focused on specialized embedded systems. It will be using X-ON with its electric bicycle solutions.

Haxiot made deployment seamless and incredibly fast, according to Imaatech CEO Rafael Garayoa.“By reducing operating costs, power consumption and upfront investment, we were able to enhance our current cellular solution with a direct benefit to our customers,” he said in a statement. 

TECH BEHIND THE HAXIOT SOLUTION

Haxiot’s technology is based on the LoRaWAN IoT wireless standard which allows for IoT solutions that cover large areas with advantages over other mesh or short-range wireless technologies such as Bluetooth and Zigbee.

The standard is commonly used in smart lighting, industrial edge computing, asset tracking, and smart metering.

LoRaWAN is one of the fastest-growing IoT wireless standards, Kitson told Dallas Innovates. “LoRaWAN provides more options for business models needing more coverage and extremely low power,” she said, adding that makes the standard “ideally suited for devices that require ultra-low system cost, massive numbers with low message rates.” 

The company uses a hub and spoke deployment with centralized device management that “dramatically reduces total cost of ownership, as compared to mesh or short-range wireless technologies such as BLE or Zigbee,” Kitson said. “Capabilities such as Multicast make LoRaWAN IoT solutions uniquely capable of large-scale control systems, which are not supported by cellular networks.”

SOLVING FOR THE COMPLEXITY OF INTEGRATION

“Customers need to connect more devices and assets to gather the machine data to enhance business intelligence.”
Youyi Kitson

Demand for low-cost and low-power-consumption wireless tech is “exploding” in enterprise and industrial IoT said Kitson with integration remaining the biggest challenge.

“Customers need to connect more devices and assets to gather the machine data to enhance business intelligence,” Kitson said. “We exhibited at the Mobile World Congress last week. Many enterprise customers are looking to adopt an ‘out-of-a-box’ solution to reduce time to market and the complexity of integration.”

Haxiot was founded in 2016 with customers including device OEMs, system integrators, and IoT solution resellers ranging from small business to enterprise and network operators.

It is completing a seed funding round led by Golden Seeds, a national angel investment group with a Dallas chapter that specializes in funding early-stage woman-owned-and-led companies.

The round included several Texas investor groups, as well, and is expected to close soon. Kitson said Haxiot also is targeting a Series A round which will allow the company to expand into vertical applications and machine learning for high-value customer analytics.

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