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Startup receives $30 million from AWS and Samsung to fund new IoT tech

January 15, 2019 / Connor Jones

A startup semiconductor company has just raised a further $30 million in funding from AWS and Samsung, bringing its total funding to $50 million.Williot manufactures a battery-free Bluetooth sensor tag the size of a postage stamp which is being heralded as a low-cost, high-efficiency solution for broad IoT implementation in business.The Bluetooth tag powers itself using scavenged energy from ambient radio frequencies and can be stuck on a variety of surfaces, somewhat like an RFID tag."A Wiliot chip glued to a simple antenna printed on plastic or paper can authenticate the proximity of a product by transmitting an encrypted serial number along with weight and temperature data from a device the size of a postage stamp," the company said in a press statement issued yesterday.