Everactive deciphers $30m

Jun 20, 2019 • Callum Cyrus

University of Virginia-founded batteryless industrial IoT monitor developer Everactive was previously known as PsiKick, and has now raised a total of $63m in equity funding.

Everactive, a US-based batteryless industrial internet-of-things device spinout of University of Virginia, has closed a $30m round backed by spinout-focused investment firm Osage University Partners.
Future Fund, Australia’s sovereign wealth fund, led the round, which also featured ABB Technology Ventures, the corporate venturing arm of industrial group ABB, as well as Blue Bear Capital and New Enterprise Associates (NEA).
Everactive manufactures internet-enabled sensors for the industrial sector that rely on advanced integrated circuit and wireless networking technology to…

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