August 2021 Newsletter
In this issue, learn about Everactive’s latest funding round; join us at FA&M conference for a demo and at IDEA 2021 conference for Everactive’s showcase presentation; and listen to Tom Ross at the Maintenance Community podcast discuss the technologies that are building the deskless workforce of the future.
Everactive Secures Additional Series C Funding From Strategic Investors
First-Hand Success with Groundbreaking Products Prompts 3M Ventures, Ericsson and Armstrong International to Invest in Everactive.
SANTA CLARA, CA – July 29, 2021 — Everactive, a technology company that sells category-defining batteryless, wireless Internet of Things (IoT) solutions, today announced it has raised $16 million in a strategic funding round from 3M, the global diversified technology company; Ericsson, the global networking and telecommunications company; and Armstrong International, the leading thermal utilities company. 3M, Ericsson and Armstrong were all either existing customers or partners prior to investing in Everactive. This round builds on the Series C financing completed earlier this year – bringing the Series C total funding to over $50 million.
This investment marks major votes of confidence from highly trusted industry brands. For 3M, the investment deepens an existing relationship – improving the efficiency of the company’s manufacturing operations by utilizing Everactive’s monitoring solutions. Ericsson is interested in seeing novel wireless technologies, such as Everactive’s, developed for further strengthening the support of IoT use cases using mobile communication infrastructure. For Armstrong, this investment marks an opportunity to expand its existing partnership with Everactive – combining its deep thermal expertise with Everactive’s technology to make steam systems smarter. Overall, the funding will fuel the expansion of Everactive’s batteryless technology, which stands to drive an enormous scale for smart Internet of Things (IoT) products that is simply not possible with battery powered sensors.
“The breadth of industries that Everactive’s investors represent signals the exciting promise of the application of this technology across a variety of sectors,” said Bob Nunn, CEO at Everactive.
“We will leverage the funding to grow an ecosystem through which Everactive’s technology will enable a wide array of high-value, high-volume solutions across industries including manufacturing, food and beverage, CPG, pharmaceutical and biotechnology, petrochemical, oil and gas and more.”
Over the past 12 months, Everactive grew its recurring revenue by 400%, while nearly doubling its team size as the appetite for large-scale remote monitoring increased throughout the COVID-19 pandemic.
Everactive’s proprietary ultra-low-power technology is the foundation for completely batteryless and wireless IoT solutions. Requiring up to 1,000x less power than competing offerings, Everactive’s real-time asset monitoring solutions operate entirely—and continuously—from low levels of “harvested energy.” Wireless IoT sensors that never require battery maintenance can be deployed at a scale not possible with batteries in order to generate massive new data sets that unlock high-value operational insights for enterprises. Everactive Steam Trap Monitoring (STM) and Machine Health Monitoring (MHM) customers include multinational companies such as Anheuser-Busch In-Bev, Colgate-Palmolive, Hershey’s and Merck, as well as several universities and the U.S. Government. Everactive’s steam trap monitoring solution helps reduce steam loss and associated energy and emissions waste. Its machine health monitoring system enables remote condition monitoring to help reduce downtime, improve efficiency and extend asset life.
“At Ericsson, we are always looking towards the future and we know IoT has the potential to be limitless in terms of the advances it brings,” said Graham Ackerman at Ericsson Ventures.
“The ability to deploy battery-less sensors could unlock very exciting new use cases, at unprecedented scale.”
About Everactive
Everactive produces data intelligence for the physical world. Operating without batteries, the company’s always-on wireless sensors deliver continuous cloud-based analytics at a scale not possible with battery-powered devices. Everactive’s end-to-end solutions are built upon groundbreaking advances in ultra-low-power circuit design and wireless communication that allow it to power its Eversensors exclusively from harvested energy. The company has developed the required networking and cloud software to deliver an out-of-the-box service focused on providing high-value insights from newly generated and self-sustaining data streams. For more information, please visit: www.everactive.com or contact us at sales@everactive.com.
Join Everactive At FA&M Conference & Expo 2021
Learn more about the benefits of wireless batteryless steam trap and vibration monitor solutions during the conference presentation and visit our booth for a live demo!
The Food Automation & Manufacturing Conference and Expo (FA&M) brings together processors and suppliers to learn about the latest advances in engineering, automation, sustainability and food safety. FA&M features world-class speakers presenting essential solutions to the challenges facing food and beverage manufacturers. The conference offers attendees a vital opportunity to re-energize their careers and network with industry peers.
We would like you to visit us at FA&M in Miami, FL from September 12th to the 15th to learn more about our wireless and batteryless technology. Stop by our booth number 209 where we will have a live demo of our Machine Health Monitor (MHM) and Steam Trap Monitor (STM) solutions.
See you in Miami!
Everactive Welcomes You At IDEA 2021
Enjoy a live demo of our wireless batteryless Steam Trap Monitor (STM) solution at our interactive booth.
Connect with and learn from experienced energy leaders that are shaping the energy industry by joining us at the IDEA 2021: Powering the Future: District Energy/CHP/Microgrids. Cities, communities and campuses are seeking smarter and more sustainable solutions to improve energy resiliency, reduce emissions and stimulate local economic growth. Investments in district energy, combined heat and power and microgrids can help to achieve all three of these objectives concurrently, while preparing for a cleaner energy future.
This year Rafael Reyes, Everactive’s Product Marketing Director, will be showcased at the conference. Rafael’s presentation “How Energy Harvesting is Key to Unlocking True Value of Steam Trap Monitoring” will discuss the limitations of battery-powered sensors, the groundbreaking industry advances that have enabled completely self-powered sensors, and the innovative wireless and batteryless Steam Trap Monitor (STM) solution.
We would like you to visit us in Austin, TX from September 27th to September 29th. Learn more about our wireless and batteryless technology at our interactive booth number 21, where we will have a live demo of our Steam Trap Monitor (STM) and our Machine Health Monitor (MHM) solutions and will answer any of your questions you might have.
See you in Austin!
Tom Ross At The Maintenance Community Podcast
Ryan Chan & Tom Ross discuss the technologies that are building the deskless workforce of the future.
The Maintenance Community Podcast, a podcast for those with new ideas in maintenance, where each week, Ryan Chan meets with a guest who has had an idea for how to shake things up in the maintenance and reliability industry.
In this episode our own Tom Ross, Applications Engineer Manager of Machine Health Monitoring at Everactive, and host Ryan Chan discuss the rise of technological tools as the world is evolving. And, how these tools are driving improved performance in maintenance organizations.
For more information about Everactive’s machine health monitoring solutions, visit our website or contact us at sales@everactive.com
Visit Everactive At Trifecta Of Naval Innovation Events
Learn about Everactive’s innovative wireless and batteryless technology and its successful defense applications to date.
The National Center for Manufacturing Sciences (NCMS) partners with Naval facilities in the US to spread the dissemination of innovative solutions through key technology innovation events. NCMS Technology Showcases have been featured at DOD maintenance facilities across the U.S. and Japan.
NCMS Technology Showcase – Puget Sound Naval Shipyard & Intermediate Maintenance Facility
August 25th – 26th
PSNS & IMF has been an integral part of the Navy since 1891 and provides high quality, on-time maintenance, modernization, recycling and support that helps assure America’s dominance at sea. The innovation team at PSNS & IMF seeks innovative technologies to assist with several maintenance and sustainment priorities.
NCMS Technology Showcase – Norfolk Naval Shipyard
September 8th – 9th
This event, held on base, offers participants a unique venue where program managers, engineers, and other production and base leadership will converge in one place, creating the ideal environment to explore and discuss innovative technologies.
Job Readiness Cell Symposium – Portsmouth Naval Shipyard
September 28th – 29th
As part of the shipyard modernization effort, NCMS is partnering with the Portsmouth Naval Shipyard, Kittery, Maine on a Job Readiness Cell Symposium that will concentrate on a select number of maintenance focus areas.
We would like you to visit us at these events and learn more about our wireless and batteryless technology at our interactive booth and will answer any of your questions you might have.
See you at a Naval facility nearby!
For more information about Everactive’s wireless and batteryless technology, visit our website or contact us at sales@everactive.com
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