Home Tech Ecosystemfundings IoT startup Wiliot raises $200 million from SoftBank Vision Fund 2

IoT startup Wiliot raises $200 million from SoftBank Vision Fund 2

by FBT Team

 

Wiliot, an IoT semiconductor company co-headquartered in Israel and San Diego, has successfully secured a $200M investment from Softbank. This funding will be used to advance the development of their updated sensors and their unique AI sensing-focused business model. 

Since its founding in 2017, Wiliot has been focused on making a lightweight and cost-efficient Bluetooth sensor that allows for object identification, inventory management, and waste reduction. With SoftBank’s backing, the goal is to help “Wiliot dramatically scale the ever-expanding application of IoT globally”. Read more here.

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