Amazon-backed Wiliot raises $200 mln in investment led by SoftBank Vision Fund 2 | Reuters
Wiliot, a technology company backed by Amazon Web Services (AMZN.O) and Qualcomm Inc (QCOM.O), said on Tuesday it raised $200 million in a funding round led by SoftBank Vision Fund 2.
The company, which makes chips that can be embedded on product packaging to help track items during their manufacturing, shipping, and sale, did not disclose the valuation at which the funds were raised.
Its technology can be integrated into vaccine vials and food packaging, among others. Wiliot says it aims to expand the internet-of-things network to include everyday products.
The company was founded in 2017 and is headquartered in Israel, with a presence in California, Germany, Ukraine, Australia and Taiwan.
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