Wiliot Raises $30 Million From Investors Including Amazon Web Services

Date : 01/14/2019 @ 7:08PM
Source : Dow Jones News
Stock : Avery Dennison Corp. (AVY)
Quote : 110.39  -0.66 (-0.59%) @ 5:00AM
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Wiliot Raises $30 Million From Investors Including Amazon Web Services

Avery Dennison (NYSE:AVY)
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   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

 

(END) Dow Jones Newswires

January 14, 2019 13:53 ET (18:53 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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