Everactive – formerly known as PsiKick – is a company that is known for pioneering wireless and “Batteryless” Internet of Things systems which recently raised $30 million.

Everactive – formerly known as PsiKick – is a company that is known for pioneering wireless and “Batteryless” Internet of Things systems.

“Removing the need for batteries solves one of the key limitations of the IoT and represents a fundamental paradigm shift, allowing our customers to deploy wireless sensors at scale and gain access to new, high-value data-driven insights,” said Everactive CEO Bob Nunn in a statement.

“Over the last 18 months Everactive has productized our ultra-low-power silicon technology and developed a compelling go-to-market strategy that is now driving rapid customer adoption. Everactive will use the proceeds from the new round to meet the growing customer demand for our existing and future products.”

Everactive is initially targeting the industrial sector where collecting and analyzing data on physical equipment and infrastructure could potentially have a profound and measurable impact serving to reduce downtime, cut maintenance costs, improve safety, and environmental impact and boost overall efficiency.

Everactive is able to eliminate batteries due to its underlying integrated circuit and wireless networking expertise.

“Everactive’s underlying technology is magical. They have innovated across the stack-from ultra-low-power chips and scalable networks, to adaptive edge-to-cloud analytics that optimize energy usage-to make batteryless sensors a reality,” pointed out Everactive investor and NEA Venture Partner Greg Papadoupolous.