Everactive, a US-based manufacturer of batteryless industrial sensors, has completed a $35m series C round led by industrial maintenance and measurement equipment supplier Fluke Corporation.
The round included TOP Ventures and Asahi Kasei Ventures, the corporate venturing arms of oil refinery operator Thaioil and chemicals and materials producer Asahi Kasei respectively, as well as New Enterprise Associates (NEA), 40 North Ventures and undisclosed additional investors.
Fluke contributed to the round in September 2020, following a $30m first tranche in June featuring ABB Technology Ventures, a subsidiary of power and automation technology manufacturer ABB, as well as NEA, Future Fund, Osage University Partners (OUP) and Blue Bear Capital.
Founded in 2012 as Psikick, Everactive produces self-powered industrial sensors that harvest thermal and light-derived energy from a customer’s factory or industrial plant to run without batteries. The series C funding will support product development, sales and marketing.
Everactive had raised at least $5.2m in a 2014 series A round backed by OUP, University of Michigan’s Investment in New Technologies Fund, NEA and assorted angel investors.
OUP returned to lead the company’s $16.5m series B round in 2015 with participation from Mints Fund, NEA and assorted individuals, before adding $7.2m in series B1 funding from unnamed backers in 2017.