The industrial sensor manufacturer spun out of Michigan and Virginia has increased its latest round to $51m in a tranche backed by 3M, Ericsson and Armstrong International.

Everactive, a US-based battery-free sensor producer using the research from the universities of Michigan and Virginia, has raised $16m in a series C extension that boosted the round to $51m.
Industrial technology supplier 3M, telecommunications group Ericsson and thermal utility Armstrong International provided the additional series C funding.
Everactive’s series C round stood at $35m in January this year, when it closed a tranche led by industrial equipment manufacturer Fluke and backed by Top Ventures and Asahi…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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