- Atmosic Technologies, an innovator of ultra-low-power wireless for the Internet of Things (IoT), announced it raised $28.5 million
Atmosic Technologies — the innovator of ultra-low-power wireless for the Internet of Things (IoT) — announced it has raised $28.5 million in a Series B round of funding. This round of funding was led by Sutter Hill Ventures. Clear Ventures, Walden International, Dolby Family Ventures, and Arden Road Investments also joined the round. Including this round of funding, Atmosic has raised $49.5 million since it launched in 2016.
This round of funding will be used for deploying its M2 and M3 series Bluetooth 5 system-on-a-chip (SoC) solutions into commercial products in early 2020. And the funding will also support the company’s continued laser focus on R&D to develop its next-generation solutions, and Atmosic’s efforts to scale the business as the supplier of the lowest-power consumption wireless technologies for the IoT.
“We look forward to continuing our investment in R&D as we develop wireless solutions for the next generation of the IoT, driven by our vision to eliminate the use of batteries. Our groundbreaking technologies will reduce the costs of IoT deployment and maintenance, while also helping to solve the serious environmental issue of battery waste,” said Atmosic CEO David Su. “This latest round of funding will help accelerate our growth, both domestically and internationally, enabling us to better support our strategic customers in the United States and greater Asia as we bring our M2 and M3 solutions to the market.”
Atmosic is focused on driving the battery-free IoT revolution with its lowest-power Bluetooth and controlled energy harvesting technologies thus utilizing multiple power sources for energy harvesting, including RF, photovoltaic, thermal, and mechanical.
“With the surging growth of the connected devices market, we see an incredible opportunity for Atmosic’s solutions to play a pivotal role in addressing the market demand for wearables, sensors and other applications that require extended battery life,” explained Stefan Dyckerhoff, managing director at Sutter Hill Ventures and member of the Atmosic board of directors. “At Sutter Hill we have been extremely impressed with Atmosic’s continued innovation and strong customer interest, and we are excited to double down on our commitment for the company’s next stage of growth.”
And Atmosic’s M2 and M3 solutions enable extended battery life and even battery-free operation for IoT devices used for a wide variety of applications including asset tracking, smart homes, wearables, building automation, and medical devices. Plus the company is committed to innovate and create new products that reduce the environmental impact of batteries and decrease the cost of battery maintenance — which benefits the planet, consumers, and industrial users.
“Battery life and power management are the biggest hurdles for the adoption of connected devices and the expansion of IoT deployments. Atmosic’s disruptive technology breaks those barriers, enabling the development of battery-free and forever-battery devices – something that not too long ago would have seemed impossible,” commented Rajeev Madhavan, founder and general partner at Clear Ventures and member of the Atmosic board of directors. “We’re proud to help Atmosic realize its vision of making the battery-free IoT revolution a reality, as the company uses this new round of funding to bring its products to market and drive adoption.”
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