Wiliot raises $200M to grow its team and create new IoT products

2021-07-27 22:55

Wiliot announced it received $200 million in a Series C funding round led by SoftBank Vision Fund 2i. Wiliot has created a platform that is built on Wiliot IoT Pixels and the Wiliot Cloud.

Wiliot IoT Pixels are tiny low-cost, self-powered tags that attach to any product or packaging to sense a range of physical and environment 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.

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.

"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, a world in which all the things around us help consumers use them better and suppliers avoid waste."

"We have always believed that with IoT and AI, people will live better and healthier lives - where any food or medicine has the ability to understand if it's safe to use and communicate seamlessly with people. We are pleased to play a part in helping Wiliot dramatically scale the ever-expanding application of IoT globally."

Wiliot will use the latest round of capital to grow its team and scale its channels for the forthcoming launch of its V2 product, which offers next-generation performance that will help accelerate its vision for a new IoT. Daily Newsletter - E-mail sent every morning on a business day with a recap of what happend in the last 24 hours.

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