Wiliot, maker of a self-powered, stamp-sized computer, secured $200 million in a Series C funding round led by SoftBank Vision Fund 2.
The Sensing-as-a-Service company 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.
The Wiliot Cloud is where machine learning algorithms translate data into actionable insights for businesses across a range of industries. It also ensures data remains secure, private, and authentic.
Effectively, products that were off-line during their manufacturing, shipping and consumption journeys are now online. 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.
“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 Pipilis, managing partner at SoftBank Investment Advisers.
“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,” siad Pipilis.
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.