Build the applications that let AI see, decide, and act across the physical economy.
Oway is an industrial automation and research company building IOI, the Internet of Industrials: a standardized protocol that lets industrial systems communicate their physical state and capabilities to software, AI agents, and one another.
The internet gave computers a common language. The physical economy still doesn’t have one. Factories, fleets, warehouses, and soon robots run on closed systems that can’t see or command each other, so most coordination still happens by phone, email, and spreadsheet.
Our thesis is that logistics is the foundational language of industry. Nearly every physical business can be described with the same primitives: what exists, where it is, where it needs to go, capacity, time, cost, constraints, storage, and transformation. IOI translates those states, wherever they live today (ERPs, TMSs, WMSs, sensors, vehicles, factory floors), into one permissioned, machine-readable context and command layer.
Every company on IOI runs its own node. Nodes are secure, customer-owned, and private by default, and they connect to other nodes, autonomous systems, and hardware only with the owner’s permission. Each node gives a company a searchable, AI-ready picture of its physical operations and a way to act on it.
We prove the protocol by running real applications on it. Juno, our AI agent, reasons over the network to price, coordinate, and execute work autonomously, and Oway Rideshare, the first service built on IOI, moves freight on trucks already traveling the right direction. More than 10,000 vehicles run on IOI today, and Fortune 500 companies and national logistics networks are connecting their operations to it. Trucks are the beginning. The same foundation lets factories coordinate production, robots discover and execute tasks, and autonomous fleets respond to demand.
We want to help American industry build more, move faster, and compete globally. We’re backed by YC, General Catalyst, and leading investors in AI, industrials, and automation.