With the support of the SoftBank Vision Fund 2, Wiliot will accelerate its mission to create a new era of the Internet of Things, in which intelligence and connectivity are brought to the trillions of products passing through the global supply chain-from crates to packaging And trays to clothes, medicines and perishable goods.
Wiliot is a sensor-as-a-service company and a leader in Internet of Things (IoT) technology. Its self-powered, stamp-sized computers are changing the relationship between manufacturers and their products. .
Wiliot created a Wiliot IoT pixel with Willie Oyun. Wiliot IoT Pixels are small, low-cost, self-powered tags that can be attached to any product or packaging to sense a series of physical and environmental data, and then enter these data into the Wiliot cloud, where machine learning algorithms convert the data into Operational insights for companies to use a range of industries. Wiliot Cloud also ensures that data remains safe, private and authentic.
For decades, because trillions of products have traveled billions of miles without any data on their status, whereabouts, or conditions, there has been a huge gap. Due to the lack of this information, the global supply chain has been in the dark and very fragile. Recognizing this, many leaders in consumer products, pharmaceuticals, furniture, and clothing have been collaborating with Wiliot to increase their sensing capabilities, intelligence, and connectivity.
In fact, products that were offline during manufacturing, transportation, and consumption are now online. This reality is changing the way products are manufactured, distributed, sold, used, reused, and recycled.
Products and packaging that support Wiliot can sense temperature, liquid level, movement, position changes, humidity, and proximity. Wiliot IoT Pixels can be integrated into vaccine bottles, food packaging, etc., bringing real-time transparency to the supply chain and enabling brands to understand the inventory levels of the entire retail channel for the first time. They can even understand how their products are used in customers’ homes through a highly secure and privacy-protected platform.
This omniscient view of the supply chain based on people’s use allows for a new paradigm called the demand chain, which promises to reduce the required capital that is unproductively tied to inventory. Products will be able to reorder on their own based on usage, and as brands change their business models, it will accelerate the adoption of the “subscription economy”.
All of these will provide consumers with more convenient, fresher, safer food, less waste, lower medical costs and lower environmental impact.
“Wiliot has created a vision for the future of the Internet of Things that supports artificial intelligence, and we are very pleased that SoftBank supports us in realizing this future,” Said Tal Tamir, CEO of Wiliot.
“The Internet of Things is a vision created around the Internet of Things. Our mission at Wiliot is to use cutting-edge hardware, artificial intelligence-based sensing and innovative business models to achieve a safer and more transparent world where everything around us can be Help consumers use the world better, and suppliers avoid waste.”
“By inventing the first ultra-scalable, self-powered computer that uses artificial intelligence to perceive the world, Wiliot combines digital and physical.” Said Yanni Pipilis, managing partner of SoftBank Investment Advisers. “We have always believed that with the Internet of Things and artificial intelligence, people will live better and healthier lives-any food or drug can understand whether it is safe to use and communicate seamlessly with people. We are very happy to help Wiliot Significantly expand the ever-expanding Internet of Things applications on a global scale.”
SoftBank joined the ranks of existing investors, including 83North, Amazon Web Services (AWS), Avery Dennison, Grove Ventures, M Ventures, Merck’s corporate venture capital firm, Darmstadt, Germany, Maersk Growth, Norwest Venture Partners, NTT DOCOMO Ventures, Qualcomm Ventures LLC, Samsung Ventures, Vintage Investment Partners, and Verizon Ventures. As part of the investment, SoftBank Investment Advisers investor Amit Lubovsky will join Wiliot’s board of directors.
Wiliot will use the latest round of funding to grow its team and expand its channels so that the upcoming V2 products provide next-generation performance, which will help accelerate its vision for the new Internet of Things.
