Wiliot raises $200M Series C financing round
Internet of Things (IoT) startup Wiliot has raised $200 million in a Series C funding round led by Softbank’s Vision Fund 2, with participation from previous investors, such as top Israeli VC firm Grove Ventures. Wiliot has developed an ultra-thin and light processor that runs on ambient power and combines the power of a computer with IoT capabilities. The company plans to transition to a SaaS model, referred to as “sensing as a service”, using AI to read and translate signals from objects attached to its chips. Wiliot will also adopt a licensing model for its chip hardware, allowing third parties to produce the chips and enabling the development of new form factors and sizes.
>> Click here to read the full article originally published in TechCrunch: Wiliot raises $200M as it preps a SaaS pivot, licensing its ultralight, ambient-power chip technology to third parties