The latest investment round follows a Series A Round financing effort that yielded $14m with strategic technology investors Grove Ventures, Norwest Venture Partners, and 83North Venture Capital. This first round closed in January, the month Wiliot was founded. To date, Wiliot has raised a total of $19m in its first 10 months as a semiconductor company.
Wiliot, whose research and development arm is based in Israel, is on course to develop a wireless technology that will eliminate a reliance on batteries or wired power to vastly accelerate the Internet of Things with the vision of creating a world of "Smart Everything." The new technology, which powers itself by harvesting energy from radio waves, enables a sensor as small as a fingernail, as thin as a sheet of paper, and an order of magnitude reduction in price and cost of maintenance.
"This new technology will allow a sensor/radio/processor combination to be embedded in products, packaging, walls and furniture so that these things can be smarter and communicate with other Bluetooth devices, including smartphones," said Tal Tamir, CEO and co-founder of Wiliot.
"We will enable everything to be intelligent and every place we go and anything we wear, touch or use will include sensing, connected, passive devices with an unlimited lifetime."