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Home Business Amazon-Backed Tech Firm Raises $200 Million In Investment Led By SoftBank Vision...

Amazon-Backed Tech Firm Raises $200 Million In Investment Led By SoftBank Vision Fund


Wiliot, a know-how firm backed by Amazon Net Companies and Qualcomm Inc, stated on Tuesday it raised $200 million in a funding spherical led by SoftBank Imaginative and prescient Fund 2.The corporate, which makes chips that may be embedded on product packaging to assist observe gadgets throughout their manufacturing, delivery, and sale, didn’t disclose the valuation at which the funds had been raised.

Its know-how may be built-in into vaccine vials and meals packaging, amongst others. Wiliot says it goals to broaden the internet-of-things community to incorporate on a regular basis merchandise. The corporate was based in 2017 and is headquartered in Israel, with a presence in California, Germany, Ukraine, Australia and Taiwan

The funding marks one other main wager on Israeli progress firms from Japanese conglomerate SoftBank Group Corp

In current months, SoftBank has additionally invested in synthetic intelligence-based facial recognition startup AnyVision and cloud agency Redis Labs. Wiliot additionally counts the funding arms of Samsung Group and Verizon Communications Inc amongst its backers. The corporate plans to make use of the recent funds to broaden its operations in preparation for the upcoming launch of its V2 product

Amit Lubovsky, director at SoftBank Funding Advisers, will sit on Wiliot’s board as a part of the deal.The corporate raised $70 million in a earlier funding spherical in February final yr


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