Wiliot has announced $200 million in a Series C funding round led by SoftBank Vision Fund 2. The IoT startup that has developed a new kind of processor that is ultra-thin and light and runs on ambient power but possesses all the power of a “computer” has picked huge rounds of growth funding on the back of interest in technology and a strategy aimed squarely at scale.
With SoftBank’s Vision Fund 2 backing, Wiliot will accelerate its mission to create a new era of IoT where intelligence and connectivity brought trillions of products that move through global supply chains from crates, packaging, and pallets to clothes, medicine, and perishable goods.
SoftBank joins existing investors that include 83North, Amazon Web Services, Inc. (AWS), Avery Dennison, Grove Ventures, M Ventures, the corporate VC of Merck KGaA, Darmstadt, Germany, Maersk Growth, Norwest Venture Partners, NTT DOCOMO Ventures, Qualcomm Ventures LLC, Samsung Venture Investment Corp., Vintage Investment Partners, and Verizon Ventures. As of the investment, Amit Lubovsky, Investor for SoftBank Investment Advisers, will join Wiliot’s Board of Directors.
Company: Wiliot Ltd.
Raised: $200.0M
Round: Series C
Funding Month: July 2021
Lead Investor: Softbank’s Vision Fund 2
Additional Investor: 83 North, Amazon Web Services, Inc. Avery Dennison. Grove Ventures, Northwest Ventures Partners, NTT DOCOMO Ventures, Qualcomm Ventures LLC, Samsung Venture Investment Corp. Vintage Investment Partners, and Verizon Ventures.
Company Website: https://www.wiliot.com
Software Category: Internet of Things (IoT Platform)
About the Company. Wiliot is a Sensing as a Service company whose cloud platform connects the digital and physical worlds using its IoT Pixel tagging technology, computers the size of a postage stamp that power themselves in revolutionary ways. 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. And Expand the Internet of things to include everyday products, adding intelligence to plastic crates, pharmaceuticals, packaging, clothes, and other products connecting them to the internet, and changing the ways things are made, distributed, sold, used, reused, and recycled.
Source: https://www.wiliot.com/iot-pioneer-wiliot-secures-200-million-investment-round-led-by-softbank-vision-fund-2
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