SANTA CLARA, CA, Everactive today announced it has raised $16 million in a strategic funding round.
Everactive, a technology company that sells category-defining batteryless, wireless Internet of Things (IoT) solutions, today announced it has raised $16 million in a strategic funding round from 3M, the global diversified technology company; Ericsson, the global networking and telecommunications company; and Armstrong International, the leading thermal utilities company. 3M, Ericsson and Armstrong were all either existing customers or partners prior to investing in Everactive. This round builds on the Series C financing completed earlier this year - bringing the Series C total funding to over $50 million.
Everactive produces data intelligence for the physical world. Operating without batteries, the company's always-on wireless sensors deliver continuous cloud-based analytics at a scale not possible with battery-powered devices. Everactive's end-to-end solutions are built upon groundbreaking advances in ultra-low-power circuit design and wireless communication that allow it to power its Eversensors exclusively from harvested energy. The company has developed the required networking and cloud software to deliver an out-of-the-box service focused on providing high-value insights from newly generated and self-sustaining data streams. For more information, please visit: www.everactive.com.
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