Fetch.ai was established in 2017 by Toby Simpson, Humayun Sheikh, and Thomas Hain, and later launched through an Initial Exchange Offering (IEO) in March 2019. Humayun Sheikh continues to lead the project as CEO, while Toby Simpson, previously the COO, currently serves on the Advisory Board. Thomas Hain, who was the Chief Science Officer, co-founded Koemei before contributing to Fetch.ai. The network utilizes blockchain technology to provide a decentralized infrastructure, incorporating privacy-enhancing features like differential privacy to safeguard user data while maintaining transparency in transactions.