The company's technology enables the use of existing ambient signals in the air as the carrier to ride its data on, leading to a drastic decrease in power consumption resulting in either a much-extended battery life of devices or enable energy harvesting battery-free IoT devices for certain applications. The financing, says the company, will enable it to demonstrate manufacturability, secure first tier customers and partners, and set the stage to "completely revolutionize" the wireless sensor industry.
The company's technology uses a proprietary and patented backscattering technique that allows modulation of digital sensor data on top of ambient signals of different protocols while maintaining the integrity of the signal to the original specific protocol. This ensures compatibility of HaiLa-enabled sensor tags to various existing wireless protocols, resulting in a drastic reduction in deployment costs and risks, says the company.
"I'm excited about the potential of HaiLa and how we can enable ultra-low power Wi-Fi IoT " says HaiLa CEO and President Ole Christian Andersen. "We'll provide early access to the first HaiLa Wi-Fi IP core based on our backscatter technology by the end of 2020. This will enable companies to develop the next generation of ultra-low power chipsets for IP over Ethernet over Wi-Fi in the IoT space."
The financing round was led by global industrial innovation venture capital fund Chrysalix Ventures. Other investors include Ecofuel Fund, TandemLaunch, a "prolific university" from California, and several angel investors including HaiLa's newly appointed CEO and President, Ole Christian Andersen.
Charlotte Savage, Founder and Chief Innovation Officer of HaiLa Technologies says, "We are excited to have the support of investors that prioritize environmentally sustainable technology. Together, we look forward to enable scalability for low power Wi-Fi IoT solutions in a world with unprecedented needs for wireless data collection."