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Manufacturing Technology Insights | Tuesday, September 22, 2020
Fluke Corporation announces its investment in Everactive.
FREMONT, CA : Fluke Corporation is a Fortive Corporation business, announces today that it led an investment in Everactive, a Silicon Valley-based technology company that sells category-defining batteryless, wireless Industrial Internet of Things (IIoT) solutions. Everactive will raise to $35M as part of its Series C funding round.
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Emerged out of the University of Michigan and the University of Virginia in 2012, Everactive creates a self-powered industrial monitoring system. Utilizing its proprietary ultra-low-power semiconductors, which require 1,000x less power than competing circuits, Everactives sensor devices generate enough power from small amounts of harvested energy to measure continuously, process, and wirelessly transmit equipment and infrastructure health data from a range of industrial assets.
Removing the need for batteries and the accompanying battery maintenance facilitates a rapid, cost-effective scale that unlocks a wealth of use cases to accelerate digital transformation initiatives throughout the industrial sector. Flukes investment in Everactive will advance Fortives strategic goal of moving essential technologies forward.
"Everactives breakthrough technology enables the ability to scale beyond anything we have previously seen in the IIoT industry," states 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," concluded Tremblay.
Founded in 1948, Fluke Corporation is a compact leader, professional electronic test tools, and software for measuring and monitoring the condition. Fluke customers are technicians, electricians, engineers, maintenance managers, and metrologists who install, troubleshoot, and maintain industrial, electrical, and electronic equipment and calibration processes.
Everactive provides data intelligence for the physical world. Operating in the absence of batteries, the company's always-on wireless sensors deliver continuous cloud-based analytics at a scale not possible with battery-powered devices. Everactives end-to-end solutions are built upon groundbreaking advances in ultra-low-power circuit design and wireless communication to power its Eversensors exclusively from harvested energy. They have developed the required networking and cloud software to deliver an out-of-the-box service focused on providing high-value insights from newly generated and self-sustaining data streams.
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