Wiliot secures $200m investment round for IoT solutions

Israel-headquartered Wiliot has created a platform built on Wiliot IoT Pixels and the Wiliot Cloud. The company, which has its business operations & applications engineering office in Dan Diego, California, has developed Wiliot IoT Pixels, which are tiny low-cost, self-powered tags that attach to any product or packaging to sense a range of physical and environment data that is then fed into the Wiliot Cloud. Here, machine learning algorithms translate data into so-called ‘actionable insights’ for businesses in different industries. The Wiliot Cloud is claimed also to ensure data remains secure, private, and authentic.

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“By inventing the first hyper-scalable, self-powered computer that uses AI to sense the world, Wiliot is positioned to bring together the digital and physical” said Yanni Pipilis managing partner at SoftBank Investment Advisers. “We have always believed that with IoT and AI, people will live better and healthier lives – where any food or medicine has the ability to understand if it’s safe to use and communicate seamlessly with people.”