Caesarea based IoT startup Wiliot secured $200 Million in Series C Funding


Wiliot, Caesarea headquartered IoT startup has now secured $200 million in a Series C funding round.

Wiliot is founded by the Tal Tamir. The IoT startup offers Sensing as a Service leveraging its Wiliot IoT Pixels and the Wiliot Cloud. Wiliot enabled products and packaging can sense temperature, location changes, fill level, proximity, and humidity.

The company’s vision is to expand the IoT to include everything products by adding intelligence to plastic crates, connecting them to the internet, changing the way things are made, reused, sold, used, distributed, and even recycled.

Executive Opinion

Tal Tamir, Wiliot’s CEO, said, "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. 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."

Yanni Pipilis, Managing Partner at SoftBank Investment Advisers, said, "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. 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's Latest Funding

SoftBank Vision Fund 2 led the latest funding round. Existing investors who also joined the funding round are Amazon Web Services, M Ventures, Maersk Growth, NTT DOCOMO Ventures, Grove Ventures, Norwest Venture Partners, Avery Dennison, Vintage Investment Partners, Samsung Venture Investment Corp, and Qualcomm Ventures LLC.

Post funding, Amit Lubovsky, the lead investor of Softbank Investment Advisors, will now join Wiliot’s, Board of Directors team.

The IoT startup, as of now, has plans to use the new funds to grow its team. Wiliot also intends to expand its channels for the forthcoming launch of its V2 product, notes the announcement.
PC: Pixabay

Note: We at TechSutram take our ethics very seriously. More information about it can be found here.
Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

No comments:

Post a Comment

    Your valuable comments are welcome. (Moderated)