Fortive (FTV) Subsidiary Fluke Leads Investment In Everactive

By Amit Chowdhry ● Sep 11, 2020
  • Fluke Corporation, a subsidiary of Fortive Corporation (NYSE: FTV) recently announced that it led an investment in Everactive

Fluke Corporation, a subsidiary of Fortive Corporation(NYSE: FTV) recently announced that it led an investment in Everactive, which is a Silicon Valley-based technology company that sells category-defining batteryless / wireless Industrial Internet of Things (IIoT) solutions. And Everactive will raise up to $35 million as part of its Series C funding round.

Spun out from the University of Michigan and the University of Virginia in 2012, Everactive develops self-powered industrial monitoring systems. Utilizing its proprietary ultra-low-power semiconductors — which require 1,000x less power than competing circuits — Everactive’s sensor devices generate enough power from small amounts of “harvested energy” to continuously measure, process, and wirelessly transmit equipment and infrastructure health data from a range of industrial assets.

By removing the need for batteries along with the accompanying battery maintenance, it facilitates a rapid cost-effective scale that unlocks a wealth of use cases to accelerate digital transformation initiatives throughout the industrial sector. And Fluke’s investment in Everactive will advance Fortive’s strategic goal of moving essential technologies forward.

“Everactive’s breakthrough technology enables the ability to scale beyond anything we have previously seen in the IIoT industry,” said Marc Tremblay, President of Fluke. “We look forward to working with the Everactive team to define new industrial monitoring solutions that unlock a superior value proposition for our customers.” 

As part of the investment, Tremblay will assume a seat on Everactive’s Board of Directors.