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Avery Dennison : Wiliot Raises $30 Million From Investors Including Amazon Web Services
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01/14/2019 | 07:53 pm
By Josh Beckerman
Semiconductor company Wiliot has raised a $30 million Series B round from Amazon Web Services, Samsung Venture Investment Corp. and Avery Dennison Corp. (AVY). This increased its total funding to $50 million.
Wiliot, a developer of battery-free Bluetooth tags, said it had a successful demonstration at the National Retail Federation's Big Show event.
The company's technology can be used for purposes including real-time tracking during the manufacturing process, providing product information in stores and allowing consumers to get instructions and reminders.
Write to Josh Beckerman at josh.beckerman@wsj.com
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