Internet of things startup, Wiliot recently announced a $200 million round of growth funding after presenting a strategy aimed at scale for its processor technology. The Series C round, led by Softbank’s Vision Fund 2, will help the company move into a SaaS, combined with a shift in the licensing model for its chip hardware. The company did not disclose its current valuation; however, estimates place their post-money valuation at $400 million.
Source: Wiliot raises $200M as it preps a SaaS pivot, licensing its ultralight, ambient-power chip technology to third parties
