Battery-free IoT investment to help connect products in supply chain

July 28, 2021 // By Rich Pell
Battery-free IoT investment to help connect products in supply chain
IoT sensing-as-a-service company Wiliot has announced that it has received $200 million in a Series C funding round led by SoftBank Vision Fund 2i ("SoftBank") that it says will help it accelerate its mission to bring intelligence and connectivity to trillions of products that move through global supply chains.

The company's platform comprises tiny low-cost, self-powered tags - called Wiliot IoT Pixels - that attach to any product or packaging to sense a range of physical and environment data that is then fed into the Wiliot Cloud, where machine learning algorithms translate data into actionable insights for businesses across a range of industries. The Wiliot Cloud also ensures data remains secure, private, and authentic.

For decades, says the company, there has remained a massive gap as trillions of products travel billions of miles without any data being available as to their status, whereabouts, or situation, leaving global supply chains in the dark. The company's platform is designed to help companies in industries including consumer-packaged goods, pharmaceuticals, furniture, and apparel add sensing capabilities, intelligence, and connectivity to their products.

Effectively, says the company, products that were off-line during their manufacturing, shipping, and consumption journeys are now online - a reality that is changing the way products are made, distributed, sold, used, reused, and recycled. Wiliot-enabled products and packaging can sense temperature, fill level, motion, location changes, humidity, and proximity.

Wiliot IoT Pixels can be integrated into vaccine vials, food packaging, and more, bringing real-time transparency to the supply chain, and the ability for brands for the first time to understand inventory levels throughout their retail channels. They can even understand how their products are used in customers’ homes through a highly secure, privacy-protected platform.

This omniscient view of the supply chain built on people’s usage, says the company, allows a new paradigm called Demand Chain, which promises to slash the required capital that’s non-productively tied up in inventories. Products will be able to self-reorder based on usage, accelerating the adoption of the “subscription economy” as brands transform their business models.

"Wiliot has created a vision of the future of AI-enabled IoT, and we are delighted that SoftBank is supporting us in making this future a reality," says Tal Tamir, Wiliot’s

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