Atmosic Technologies Raises $28.5 Million in Latest Round of Funding
Summary
The funding will also support the company’s continued laser focus on R&D to develop its next generation solutions, and Atmosic’s efforts to scale the business as the supplier of the lowest-power consumption wireless technologies for the IoT. Our groundbreaking technologies will reduce the costs of IoT deployment and maintenance, while also helping to solve the serious environmental issue of battery waste,” said Atmosic CEO, David Su. “At Sutter Hill we have been extremely impressed with Atmosic’s continued innovation and strong customer interest, and we are excited to double down on our commitment for the company’s next stage of growth.” “Battery life and power management are the biggest hurdles for the adoption of connected devices and the expansion of IoT deployments. Atmosic’s disruptive technology breaks those barriers, enabling the development of battery-free and forever-battery devices – something that not too long ago would have seemed impossible,” said Rajeev Madhavan, founder and general partner at Clear Ventures and member of the Atmosic board of directors. The company’s products enable the IoT device ecosystem—designers and manufacturers, as well as end users and those responsible for deployments—to dramatically lower costs and efforts associated with maintaining the growing Internet of Things in Personal, Home, Auto, Healthcare, Industrial, Enterprise and Smart Cities segments.