• Everactive

  Participated · Equity · Aug 2021

  Everactive, led by CEO Bob Nunn and based in Santa Clara, CA, sells batteryless, always-on wireless Internet of Things (IoT) sensors and cloud-based analytics. Its Eversensors are powered exclusively from harvested energy through ultra-low-power circuit design and wireless communication, enabling continuous data collection without batteries. The company provides networking and cloud software to deliver end-to-end services that generate self-sustaining data streams and high-value insights. Product offerings include Steam Trap Monitoring (STM) and Machine Health Monitoring (MHM), which aim to reduce steam loss and associated energy and emissions waste, lower downtime, improve efficiency, and extend asset life. Customers named in the article include Anheuser-Busch In-Bev, Colgate-Palmolive, Hershey’s and Merck, as well as several universities and the U.S. Government. Financially, Everactive added $16M in strategic funding that builds on an earlier Series C and brings the Series C total to over $50M. Everactive develops batteryless, always-on wireless IoT systems that power Eversensors exclusively from harvested energy to continuously measure, process, and transmit equipment health data. Its technology relies on proprietary ultra-low-power semiconductors that the company says require 1,000x less power than competing circuits. Everactive sells end-to-end monitoring solutions—hardware, networking, and cloud analytics—delivered as-a-service to simplify deployments and reduce upfront integration costs. The company targets high-volume industrial assets that are typically unmonitored due to the logistical and cost barriers of battery-powered sensors, including motors, pumps, compressors, and steam traps. Customers named in the articles include 3M, Colgate-Palmolive, Hershey’s, Merck, several universities, and the U.S. government. The firm plans to use new funding to accelerate sales, marketing, and product development in the industrial sector to enable pervasive remote monitoring and address skills gaps in manufacturing. Everactive was spun out of the University of Michigan and the University of Virginia in 2012 and is based in Santa Clara, Calif. Everactive produces always-on, batteryless wireless sensors and end-to-end analytics for industrial customers, powering devices from harvested energy rather than batteries. The company productized ultra-low-power silicon and built networking, software, and cloud analytics to deliver continuous condition monitoring and asset insights. Its initial products include a Steam Trap Monitor (launched in late 2018), a Machine Health Monitor for vibration on rotating equipment, and a Flare System Monitor for refineries. Everactive targets industrial use cases to reduce downtime, cut maintenance costs, improve safety, and lower environmental impact, and customers are in small-scale deployments today. The company rebranded from PsiKick to Everactive and says it is seeing rapid customer adoption driven by its go-to-market strategy. Everactive has offices in Santa Clara, CA; Charlottesville, VA; and Ann Arbor, MI. PsiKick builds wireless, self-powering Internet of Things (IoT) systems that eliminate dependence on batteries by combining energy-harvesting nodes with overhauled wireless communication and ultra-low-power radios. The company says its platform includes highly efficient wireless connectivity and robust node computation designed to enable scalable batteryless IoT deployments. PsiKick leverages technology developed at the University of Virginia and the University of Michigan. The firm plans to use the new financing to continue hiring IoT engineering talent and to develop completely batteryless systems based on its core technologies. PsiKick is based in Santa Clara, California, with design centers in Charlottesville, VA and Ann Arbor, MI. To date the company has raised over $22M in total funding.

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