PLATFORMS

IoT Pioneer Wiliot Secures $200 Million Investment Round Led by SoftBank Vision Fund 2

Anurag Khadkikar | July 28, 2021

IoT Pioneer Wiliot Secures $200 Million Investment Round Led by SoftBank Vision Fund 2
Wiliot, a Sensing as a Service and Internet of Things (IoT) technology pioneer whose self-powered, the stamp-sized computer is redefining the connection between manufacturers and their goods, said today that it had secured $200 million in a Series C financing round led by SoftBank Vision Fund 2.

Wiliot has developed a platform 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 various physical and environmental data, which is then fed into the Wiliot Cloud, where machine learning algorithms translate data into actionable insights for businesses in a variety of industries. In addition, the Wiliot Cloud guarantees that data is safe, private, and authentic.

For decades, there has been a huge gap as trillions of products traverse billions of kilometers with no data about their status, whereabouts, or predicament. Global supply networks have been deeply and vulnerably in the dark in the lack of this information. Recognizing this, several companies in consumer packaged goods, pharmaceuticals, furniture, and clothing have been collaborating with Wiliot to enhance their sensing, intelligence, and connectivity capabilities.

Goods that were previously offline throughout their manufacturing, shipping, and consuming journeys are now online, a reality that is altering the way products are manufactured, distributed, sold, used, reused, and recycled.

Temperature, fill level, motion, position changes, humidity, and proximity may all be sensed by Wiliot-enabled goods and packaging. As a result, Wiliot IoT Pixels may be incorporated into vaccine vials, food packaging, and other products, providing real-time transparency to the supply chain and allowing businesses to monitor inventory levels throughout their retail channels for the first time. Through a highly secure, privacy-protected platform, they can even learn how their goods are used in customers' homes.

This omniscient view of the supply chain based on people's use enables a new paradigm known as Demand Chain, which promises to reduce the needed capital that is now idled in inventories. In addition, products will be able to reorder themselves based on usage, hastening the adoption of the "subscription economy" as brands change their business models.

Consumers will benefit from greater convenience, fresher, safer food, less waste, reduced medical expenses, and a lower environmental impact due to all of this.

Wiliot will utilize the current amount of funding to expand its team and extend its channels in preparation for the upcoming introduction of its V2 product, which provides next-generation performance and will assist accelerate its vision for a new IoT.

About Wiliot
Wiliot is a Sensing as a Service company whose cloud platform links the digital and physical worlds through IoT Pixel tagging technology, which uses computers the size of a postage stamp to power themselves in new ways. Our vision is to broaden the Internet of Things to include everyday products by integrating intelligence into plastic crates, pharmaceuticals, packaging, clothing, and other products, connecting them to the internet, and changing the way things are made, distributed, sold, used, reused, and recycled.

Spotlight

A lot of research has come up in past few years which has glorified impact on the Internet of Things which has become next big industry-changing technology. Enterprises have started view IoT as a new revenue stream. Predictions have come up like, Verizon predicts IoT-related spending will grow from


Other News
ENTERPRISE IOT

Cloudleaf and Tive Announce Technology Partnership

Cloudleaf, Tive | September 16, 2021

In the continued expansion of the Cloudleaf solution ecosystem, Cloudleaf, Inc. and Tive® are pleased to announce their technology partnership. Cloudleaf’s SaaS digital intelligence platform leverages supply chain, edge, IoT and contextual data to provide the world’s leading end-to-end supply chain digital twin solution to manage risk and volatility in product flows. Tive helps shippers and logistics service providers (LSPs) eliminate preventable shipment delays and damage with enhanced visibility through its top-class portfolio of IoT devices, software and monitoring services. Together Cloudleaf and Tive are providing organizations with real-time location and ...

Read More

ENTERPRISE IOT

Microsoft Joins the LoRa Alliance Board of Directors

LoRa Alliance | September 15, 2021

The LoRa Alliance®, the global association of companies backing the open LoRaWAN® standard for the Internet of Things (IoT) low-power wide-area networks (LPWANs), today announced that Tony Shakib, general manager/partner of Azure IoT Engineering at Microsoft, has joined the LoRa Alliance board of directors. Microsoft is widely considered a hyperscaler for LoRaWAN, and its participation in the alliance can strengthen the technology’s presence in the LPWAN market. “Having Tony join the LoRa Alliance leadership will further accelerate market adoption of the LoRaWAN standard,” said Donna Moore, CEO and chairwoman of the LoRa Alliance. “Microsoft joi...

Read More

DEVICES

GLORY Announces IoT Enabled Vending Solution with Deutsche Bahn

GLORY | September 14, 2021

Global technology company Glory, has today announced the launch of a new Internet-of-Things enabled vending solution with Germany’s largest railway operator Deutsche Bahn. Passengers at two busy stations in the Munich area will now be able to select fresh, locally sourced produce, either in advance via a web app accessible through their smartphone or directly at the machine. The first of its kind at any railway station in Germany and branded “Zugvogel” by Deutsche Bahn, the Glory solution combines IoT-enabled hardware with cloud-based software. The connected nature of the solution allows not just convenient consumer ordering through the app, bu...

Read More

SOFTWARE AND TOOLS

Rocket Lab Lands Multi-Launch Deal to Deploy Entire IoT Satellite Constellation for Kineis

Rocket Lab, Kineis | September 13, 2021

Rocket Lab USA, Inc, a leading launch provider and space systems company, today announced it has been awarded a contract to deploy an entire satellite constellation across five dedicated Electron missions for Kinéis, a global Internet-of-Things (IoT) connectivity provider. Scheduled for launch beginning in the second quarter of 2023, the constellation will enable Kinéis, a company backed by private and public investors including the French government’s space agency CNES (Centre National d'Études Spatiales) and CLS (Collecte Localisation Satellites) an international space-based solutions provider, to improve its global IoT connectivity. The multi-...

Read More

Spotlight

A lot of research has come up in past few years which has glorified impact on the Internet of Things which has become next big industry-changing technology. Enterprises have started view IoT as a new revenue stream. Predictions have come up like, Verizon predicts IoT-related spending will grow from

Resources

Events