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IoT Startup Wiliot Raises $200 Million

Wiliot Pharma Applications

Wiliot is an Israeli startup that offers Sensing as a Service solutions as well as Internet of Things (IoT) technology. Williot has developed a self-powered, stamp-sized computer they say is changing the relationship between manufacturers and their products. The company has raised $200 million in a Series C funding round led by SoftBank Vision Fund 2i.

Sensing as a Service is tied to the Internet of Things. It is a notion connected to the cloud computing term “Every Thing as a Service.” Sensing as a Service middleware empowers consumers to access data generated by IoT devices owned by other entities.

Founded in 2017, Wiliot says that they bring connectivity and intelligence to everyday products and packaging; things previously disconnect from the Internet of Things. The Wiliot Platform combines cloud services and IoT Pixels, computing elements that can power themselves by harvesting radio frequency energy. Williot boasts that this “revolutionary” mixture of cloud and semiconductor technology is being used by some of the world’s largest brands, food, and pharmaceutical companies to “change how we make, distribute, sell, use and recycle products” Their investors include Amazon, Verizon, NTT DoCoMo, Qualcomm, and PepsiCo.

Wiliot IoT Pixels are tiny low-cost, self-powered tags that attach to any product or packaging to sense a range of physical and environmental 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 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.”

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