Wiliot, the Sensing as a Service company creating self powered chip that attaches to products to sense physical and environment data announced today that it has raised $200 million in series C funding round led by SoftBank Vision Fund 2. The company will use the capital to grow its team and scale its channels for the forthcoming launch of its V2 product, that is expected to offer next-generation performance to accelerate its vision for a new IoT.
“Wiliot has created a vision of the future of AI-enabled IoT, and we are delighted that SoftBank is supporting us in making this future a reality,” said Tal Tamir, Wiliot’s CEO. “IoT is a vision created around Things and our mission at Wiliot is to use cutting edge hardware, AI-based sensing and an innovative business model to implement a safer and more transparent world…”
Wiliot has created a platform that is built on its Pixels and the home grown Wiliot Cloud. Wiliot IoT Pixels are said to be tiny low-cost, self-powered tags that attach to any product or packaging to sense a data that is then fed into the Wiliot Cloud, where machine learning algorithms translate data into actionable insights for businesses across a range of industries.
According to the company Wiliot-enabled products and packaging can sense temperature, fill level, motion, location changes, humidity, and proximity. Wiliot IoT Pixels can be integrated into vaccine vials, food packaging, and more, bringing real-time transparency to the supply chain, and the ability for brands for the first time to understand inventory levels throughout their retail channels. They can even understand how their products are used in customers’ homes through a highly secure, privacy-protected platform.
SoftBank joins existing investors that include 83North, AWS, Avery Dennison, Grove Ventures and many more.