IoT Startup Williot Secures Investment from SoftBank
[Asia Economy Reporter Yujin Cho] IoT startup Williot has secured investment from Japan's SoftBank Group.
On the 27th (local time), according to Bloomberg News, Williot announced that it raised a total of $270 million in a funding round led by SoftBank's Vision Fund 2.
Early investors such as Amazon Web Services (AWS), Samsung Venture Investment, and Avery Dennison also participated in this round.
The funds raised will be used to hire new personnel in engineering, sales, and marketing departments.
Williot developed an electronic device that manages the condition and materials of pharmaceuticals, fresh foods, clothing, and more via the cloud. The small sensor tag, the size of a postage stamp, generates electricity and operates autonomously by using communication waves without batteries or external power supply.
Williot is headquartered in Israel and operates research and development (R&D) teams in California, USA, and Germany.
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Tal Tamir, CEO of Williot, said, "Williot is the foundation of future IoT systems and will bring innovative changes to the manufacturing, distribution, sales methods, and business models of products."
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