IoT sensor startup Wiliot pulls in $200 million

Wiliot, an Internet of Things startup that’s developed low-cost Bluetooth sensors to better manage inventory and reduce waste across grocery, medicine, apparel and myriad other industries, has raised $200 million from SoftBank Vision Fund 2.

The funding round will help Wiliot, co-headquartered in Israel and San Diego, ramp up the rollout of its next generation sensors and new sensing as a service business model.

The company’s battery free sensor is the size of a postage stamp. It attaches to food packaging, vaccine vials, clothes, pill bottles and thousands of other products across the supply chain. The tags harvest power from surrounding Wi-Fi, cellular and Bluetooth radio signals.