Wilito, which is a semiconductor pioneer has raised a $30 million series B for a total of $50 million in funding. This comes after the company's demonstration of the first-ever sticker-sized Bluetooth sensor tag incorporating an ARM processor powered solely by scavenging energy from ambient radio frequencies. A Wiliot chip glued to a simple antenna printed on plastic or paper can authenticate the proximity of a product by transmitting an encrypted serial number along with weight and temperature data from a device the size of a postage stamp. The tags use Wiliot’s nanowatt computing to communicate with any device enabled by Bluetooth Low Energy, such as smartphones, Wi-Fi access points, and Internet of Things (IoT) devices that can connect to digital displays, Wi-Fi and LTE cellular networks. Wiliot closed its Series B round of funding with Amazon Web Services (AWS) Investment Arm, Samsung Venture Investment Corp., and Avery Dennison. These organizations have joined Norwest Venture Partners, 83North, Grove Ventures, Qualcomm Ventures, and M Ventures to raise an additional $30 million of funding. Bluetooth tags can be embedded in the production phase of consumer goods, allowing real-time tracking through the manufacturing process, to the warehouse and from the store to the end consumer—all while being sensed ...
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