# Everactive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/everactive

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.everactive.com
- Total disclosed funding: $70M
- Latest round: Series C (Apr 16, 2021)
- Investors on record: 10

## About

Everactive, Inc. is a US-based company specializing in batteryless wireless solutions for the Ambient IoT sector, focusing on innovative systems-on-chip (SoCs) that enhance operational efficiency across various industries.Founded in 2012 in Santa Clara, California, Everactive, Inc. develops cutting-edge technology for batteryless wireless systems, primarily targeting the Ambient IoT market. The company was co-founded by Benton Calhoun and David Wentzloff, with Bob Nunn serving as CEO. Everactive has secured a total of USD 12.83 mn in funding during its Series C round on April 16, 2021, backed by investors such as 3M Company, Armstrong International, and Ericsson Ventures, bringing its total amount raised to USD 12.83 mn and current valuation to USD 144.965 mn.Everactive specializes in developing innovative systems-on-chip (SoCs) designed for batteryless wireless solutions in the Ambient IoT space. Their core product offerings include ultra-low power SoCs that incorporate a 32-bit ARM core, a low-power radio receiver, an energy-harvesting power management unit, and interfaces for both analog and digital sensors. These chips are engineered to continuously sense, process, and wirelessly transmit data by harnessing energy from the environment, effectively addressing the challenges posed by traditional battery-powered devices. The primary customer base includes businesses and organizations in sectors where extensive sensor deployment is critical, such as smart cities, industrial automation, and asset tracking, with products marketed mainly in North America and Europe.Everactive generates revenue through direct business-to-business (B2B) transactions, focusing on partnerships with companies developing IoT applications. Their business model involves selling their SoCs and associated technology, which may include bulk purchasing agreements for larger clients or project-based contracts. This model supports ongoing collaborations with clients requiring customized solutions, particularly through their energy-harvesting SoCs, which are integral to their value proposition for wireless sensors and sustainable technology solutions.In April 2021, Everactive, Inc. raised USD 12.83 mn in Series C funding, part of a larger USD 51 mn round, to enhance its manufacturing operations and expand its batteryless technology. The company plans to introduce new products focused on further improving the efficiency and capabilities of their SoCs. Additionally, they aim to penetrate new markets and geographic regions, specifically targeting growth in Europe and Asia by 2023.

## Funding rounds

- Series C, Apr 16, 2021, $13M — 3M Company, Armstrong International, Ericsson Ventures
- Series C, Aug 5, 2020, $35M — Asahi Kasei Corporation, Standard Investments, TOP Ventures, Fluke Corporation
- Series B, Sep 24, 2015, $16M — New Enterprise Associates, OUP (Osage University Partners), Michigan Investment in New Technology Startups
- Series A, Mar 7, 2014, $5.3M — New Enterprise Associates, OUP (Osage University Partners), Michigan Investment in New Technology Startups

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B
- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A, Series B
- Michigan Investment in New Technology Startups (https://capitalatlas.ai/funds/michigan-investment-in-new-technology-startups) — Series A, Series B
- Asahi Kasei Corporation — Series C
- Standard Investments (https://capitalatlas.ai/funds/standard-investments) — Series C
- TOP Ventures — Series C
- Fluke Corporation — Series C
- 3M Company — Series C
- Armstrong International — Series C
- Ericsson Ventures (https://capitalatlas.ai/funds/ericsson-ventures) — Series C