IoT Pioneer Wiliot Secures $200 Million Investment Round

#Discussion(IoTStack) [ via IoTGroup ]

With SoftBank’s Vision Fund 2 backing Wiliot will accelerate its mission to create a new era of IoT where intelligence and connectivity are brought to trillions of products that move through global supply chains – from crates packaging and pallets to clothes medicine and perishable goods.Wiliot the Sensing as a Service company and Internet of Things (IoT) technology leader whose self-powered stamp-sized computer is changing the relationship between manufacturers and their products announced today it received $200 million in a Series C funding round led by SoftBank Vision Fund 2i (“SoftBank”).

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-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.“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.” “By inventing the first hyper-scalable self-powered computer that uses AI to sense the world Wiliot is positioned to bring together the digital and physical ” said Yanni

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