IOTRIC

IOTRIC is a software development company based in India that has completed over 100 projects in roughly 7 years of operation. The team specializes in MVP development and custom software, with particular depth in Web3, generative AI, AR/VR, and IoT applications. The company works with startups and mid-scale companies across healthcare, fintech, eCommerce, and manufacturing. Founder and CEO Ved Prakash brings experience in Web3, IoT, and FinTech; CTO Ashish Shetty has 8+ years across multiple technical verticals; Co-Founder and CIO Eddie Quiroz is an MIT alumni with background in blockchain and metaverse. The team describes itself as "dedicated, knowledgeable and seasoned professionals," though no total headcount is disclosed.

Services and capabilities

IOTRIC offers three primary service lines: MVP development, custom software development, and specialized technical services.

MVP work includes prototype design, pilot development, QA, and consulting. The company positions MVP as a risk-reduction tool for startups—validation before full-scale build, iterative refinement based on user feedback. They also offer web and mobile app prototypes alongside dedicated MVP teams.

Custom software spans Web3 (blockchain integration, dApps, smart contracts in Solidity), generative AI (content generation, text detection tools), mobile apps (iOS and Android), web applications, IoT and smart applications, AR/VR experiences, browser extensions, DevOps, and UI/UX design. For DevOps, they list expertise in AWS, Google Cloud, and Azure, claiming to "minimize downtime and maximize system performance." AR/VR work includes solutions for VR device manufacturers PICO, Realwear, and HTC.

Tech stack spans JavaScript, React, Node.js, Python, Solidity, Rust, Kotlin, Flutter, Unity, AR Core/AR Kit, Docker, Kubernetes, Android, iOS, MongoDB, MySQL, and WebRTC. On cloud and infrastructure, they work with AWS and Docker/Kubernetes.

Notable work

IOTRIC's portfolio includes over a dozen named projects. NexBloc is a blockchain-based domain name provider (React, Node, Solidity, IPFS); myIDFi is a decentralized mortgage platform using NFTs for loan applications (React, Node, Solidity); StorX is a decentralized data hosting marketplace (React, Node). QIE Wallet handles digital asset management (React Native, Solidity, IPFS). Lanai uses physics-based AI for text detection (Python, React, Node, MongoDB). RealEye digitizes physical assets into 3D models via AI and mixed reality (React, Node, AR Core, Swift). KardioGenics provides healthcare monitoring with actionable insights (React, Node, AWS Lambda, Swift). AR Scale is an AR measurement tool (AR Core, Kotlin, Swift). DocBook is a health records system for practitioners (Android, Java, Node, MongoDB).

Client testimonials name NexBloc founder Dana Farbo ("quick to address questions and concerns, produce quality work"), StorX team ("haven't seen any tech team like yours who are ready to push their limits"), and myIDFi founder Jeff Nelson ("team was solid, efficient and knowledgeable").

How they work

IOTRIC offers three engagement models: Dedicated Team (autonomous team across various roles), Staff Augmentation (fill talent gaps in existing teams), and Project/Milestone Based (suited for dynamic scope and complex requirements). The company emphasizes collaborative development—keeping clients involved at every stage—and claims a flexible project management methodology where "quality is regarded paramount." They describe an end-to-end process covering design, development, testing, release, and maintenance. No pricing details are published.

Team and credentials

Three executives are named: Ved Prakash (Founder/CEO, background in Web3/IoT/FinTech), Ashish Shetty (CTO, 8+ years across multiple verticals), and Eddie Quiroz (Co-Founder/CIO, MIT alumni, blockchain and metaverse focus). Total team size is not disclosed. No ISO, SOC 2, or other third-party certifications are mentioned in the source material. No Clutch, G2, or awards are cited.