What is Everactive?
Founded in 2012 and headquartered in Santa Clara, CA, Everactive is at the forefront of designing and developing self-powered Internet of Things (IoT) systems. The company's core innovation lies in creating IoT devices that do not require batteries or wired power, enabling continuous operation in a wide range of applications. This unique capability positions Everactive as a key player in the burgeoning field of industrial IoT, offering solutions for monitoring, data collection, and automation without the limitations of traditional power sources. Their deep technology approach aims to revolutionize how connected devices are deployed and maintained across various industries.
How much funding has Everactive raised?
Everactive has raised a total of $122.8M across 6 funding rounds:
Series A
$5.3M
Series B
$16.5M
Other Financing Round
$30M
Debt
$1M
Series C
$35M
Unspecified
$35M
Series A (2014): $5.3M with participation from University of Michigan Investment in New Technologies Fund, OUP (Osage University Partners), Jaffray Woodriff, and New Enterprise Associates
Series B (2015): $16.5M led by Osage University Partners, New Enterprise Associates, and Michigan Investment in New Technologies Fund
Other Financing Round (2018): $30M supported by Future Fund
Debt (2020): $1M featuring PPP
Series C (2020): $35M backed by Fluke Corporation
Unspecified (2021): $35M with participation from Fluke Corporation and 40 North Ventures
Key Investors in Everactive
Fluke Corporation
Fluke Corporation is a global leader in the manufacturing, distribution, and service of electrical, temperature, process, and air quality test and measurement equipment. Their involvement suggests a strategic alignment with Everactive's industrial IoT solutions.
Future Fund
Future Fund is an Australian government-backed investment fund established to invest for the benefit of future generations. Their participation indicates a long-term strategic vision for companies with significant growth potential.
Osage University Partners
Osage University Partners is a venture capital firm specializing in early-stage B2B software companies. Their investment in Everactive highlights the software and data analytics components of the company's IoT systems.
What's next for Everactive?
With its latest strategic investment and a history of substantial capital raises, Everactive is poised for accelerated growth and market expansion. The company's focus on self-powered IoT systems addresses a critical need for reliable and low-maintenance connected devices, particularly in industrial and remote environments. This latest round of financing will likely fuel further research and development, enhance manufacturing capabilities, and broaden its sales and marketing efforts. Everactive's trajectory suggests a move towards scaling its operations to meet increasing demand and solidifying its position as a leader in the next generation of IoT technology.
See full Everactive company page
