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XYO Network

xy.company

Founded Year

2012

Stage

Loan | Alive

Total Raised

$1.65M

Last Raised

$680K | 3 yrs ago

About XYO Network

XYO Network is working to create a geospatial, blockchain-powered location network, with the goal to provide accurate, certainty-driven location data on everything from cars to smartphones. By combining location beacons with IoT and mobile devices, the XYO Network ecosystem plans to deliver the verified coordinates and data needed to execute smart contracts, run smart cities, foster financial transactions, and power a legion of location-centric applications.

Headquarters Location

1133 Columbia Street Suite 205

San Diego, California, 92101,

United States

619-507-6017

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Expert Collections containing XYO Network

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

XYO Network is included in 1 Expert Collection, including Blockchain.

B

Blockchain

5,240 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

Latest XYO Network News

XY Labs Announces 2022 Semi-Annual Financial Report

Sep 28, 2022

Leading trustless oracle’s semi-annual financials reveal steadfast company progress despite crypto market headwinds September 28, 2022 08:56 AM Eastern Daylight Time SAN DIEGO--( BUSINESS WIRE )--XY Labs (tZERO: XYLB), the company behind XYO (Coinbase: $XYO), the world’s first trustless oracle backed with cryptography, reported its semi-annual financial results for the six months leading to June 30, 2022. Despite headwinds in the cryptocurrency market, XY Labs saw significant growth in its net sales, reporting a 51% increase during the first six months of fiscal year 2022 (FY 22) as compared to the same period of FY 21. Among the drivers of growth for XY Labs during the first half of 2022 include the next-generation launch of the XYO Network 2.0 and the accelerated growth of its user network which now has seen over 5 million nodes worldwide. Additionally, and more recently, XY Labs began trading its stock (XYLB) on the tZERO ATS , making XYO the largest blockchain protocol owned by a company offering SEC-registered shares. XY Labs has also broadened its roster of partnerships, including the launch of a $20 million ecosystem fund in collaboration with Outliers Fund . In addition to expanding the XYO ecosystem, the fund is designed to benefit an array of geospatial blockchain projects during tumultuous times for the market since new capital investment can be sparse. Key Financial Figures at a Glance Net sales increased by approximately $2.5 million to $7.3 million, or 51.9%, in the six months ending June 30, 2022 compared to the same period of FY 21. Cost of sales increased minimally by approximately $23K in the six months ending June 30, 2022 compared to the same period of FY 21. EBITDA decreased by approximately $6.5 million in the six months ending June 30, 2022 compared to the same period of FY 21 partly due to necessary divestitures and varied non-recurring or non-operational activities. To account for and reconcile the divestitures and other outlying activities, the EBITDA was adjusted to reflect a decrease of approximately $2.5 million in the six months ending June 30, 2022 compared to the same period of FY 21. “Since the company’s founding in 2012, XY Labs has taken the long view, focusing on building and scaling a global data network utilizing people’s dataistic relationship to the physical world,” said Arie Trouw, Co-Founder of XYO and CEO of XY Labs. “Today, we stand at the forefront of the emerging data-economy, offering unique tools and technologies that seamlessly add value to the lives of our users–of which there have been more than five million and growing. With continued persistence and evolution in the face of changing markets, I am as confident as ever in the company’s future and look forward to our continued growth.” The full 1-SA report for the first half of the year ending June 30, 2022, is available on the Securities and Exchange Commission (SEC) website here . About XYO and XY Labs XY Labs is a technology company based in California with a mission to create software and location-data-driven devices to build a global data network focused on people's Dataist relationship to the physical world. XY Lab's products include the COIN app, and the company launched oracle network XYO. With over 5 million nodes brought online for the XYO network, users worldwide can participate in the network and even get monetarily rewarded for doing so. Contacts

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XYO Network Frequently Asked Questions (FAQ)

  • When was XYO Network founded?

    XYO Network was founded in 2012.

  • Where is XYO Network's headquarters?

    XYO Network's headquarters is located at 1133 Columbia Street, San Diego.

  • What is XYO Network's latest funding round?

    XYO Network's latest funding round is Loan.

  • How much did XYO Network raise?

    XYO Network raised a total of $1.65M.

  • Who are the investors of XYO Network?

    Investors of XYO Network include Paycheck Protection Program and Kickstarter.

  • Who are XYO Network's competitors?

    Competitors of XYO Network include Tile.

Compare XYO Network to Competitors

Tile Logo
Tile

Tile develops Bluetooth-enabled tracking chips to be placed on users' frequently misplaced belongings. It offers various trackers in different sizes and styles, and allows users to utilize the app as well to locate keys, phones and more. It is based in San Mateo, California. On November 23, 2021, Tile was acquired by Life360 at a valuation of $205M.

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