The possible applications are wide-ranging in scope, including but not limited to connected packaging and products such as apparel, more accurate indoor location and affordable Real Time Location Systems that will revolutionize asset tracking.
"Wiliot's passive semiconductor technology under development could disrupt the marketplace, highlighting the vast potential of passive Bluetooth's low cost, size and long-term cost of ownership in a variety of applications," said Samuel McLaughlin, Research Analyst, ABI Research.
With proof of concepts scheduled to start in 2H 2018, and a delivery to market date in early 2019, Wiliot's technology will revolutionize the current Bluetooth beacon marketplace which after more than five years has reached a floor on reductions in cost, size and ease of maintenance that have hindered their widespread adoption.
"The range of new applications is endless given the level of miniaturization and lack of power dependency," said Boaz Peer, Director, Qualcomm Ventures Israel. "As we look at the IoT space, we see battery-free Bluetooth technology as the next great leap, driving exponential growth for the entire IoT ecosystem, from smartphones and Wi-Fi hubs to battery powered beacons."
Wiliot was formed by a group of wireless engineers experienced in building new products and the ecosystems required for their success. The group's previous start-up, Wilocity, was acquired by Qualcomm in 2014 and was a Gigabit Wi-Fi pioneer, pushing the boundaries in terms of power consumption and connectivity.
"The quality and experience of the founding team at Wiliot, coupled with their passion to envision a more pervasive IoT, gives us the comfort that Wiliot will significantly change the game, particularly in the medical field, while expanding use and acceptance at a far larger scale," said Edward Kliphuis, Investment Director New Businesses, M Ventures.