Everactive

Everactive Inc

Formerly called PsiKick, Everactive is a deep technology company pioneering batteryless sensors for the large-scale Internet of Things. The company’s foundational chip technology includes all of the radios, processing, and sensor interfaces to deliver complete and always-on Internet of Things devices. Subsequently, the firm has added cloud analytics to deliver end-to-end Industrial IoT solutions. Founded in 2012, Everactive has offices in Santa Clara, CA; Ann Arbor, MI; and Charlottesville, VA.

Technology

Cofounder and CTO David Wentzloff has stated that his ambition with Everactive is to create "a Google of the physical world." Everactive aims to achieve this vision with its proprietary systems-on-chips (SoCs), which are efficient enough to run on low levels of ambient energy alone. An SoC capable of continuous measurement, processing, and wireless transmission at such miniscule power requirements is uncommon. In addition, the company's chips combine wireless interfaces, analog sensor interfaces, power management, memory, and data processing to produce a full-system solution. As a complete system, Everactive's technology allows for batteryless wireless sensor networks that scale to a massive number of new physical-world endpoints connected to the internet.

The Industrial Internet of Things

Manufacturing plants and other industrial campuses and facilities have tens of thousands of equipment and infrastructure that require routine maintenance and attention. When these assets, such as steam traps and motors, break or malfunction, these failure events can significantly disrupt business, creating downtime, energy waste, environmental harm, and safety issues. To prevent these adverse events from occurring, plant managers conduct maintenance and reliability programs. Traditionally, these regimes have been performed by technicians who manually check each component with a clipboard and pencil, entering their findings into a central database. More recently, some factories have automated this process using IoT sensors. However, those IoT solutions rely on batteries, which themselves fail and need to be replaced, sometimes unexpectedly.

Everactive's self-powered, batteryless sensors do not need to be replaced, offering the insights from IoT sensors without the added costs of batteries. This innovation greatly reduces the cost and risk associated with industrial maintenance. Everactive client Andres Bejarano of Global Home Care at Colgate-Palmolive Company notes: “Batteries represent a real barrier to deploying IoT at scale because of the inevitable replacement problem, especially in hard-to-reach areas.” Without batteries, IoT sensors can be deployed at massive scale in locations and on assets not possible with battery-powered sensors.

Products

Everactive's sensors, called Eversensors, eliminate the need for batteries by requiring 1,000x less power than standard Internet of Things devices. Such extreme energy efficiency allows Everactive devices to power exclusively and continuously from tiny amounts of harvested energy. Everactive always-on devices incorporate sensors that can measure and analyze acceleration, vibration, temperature, humidity, and more.

Thus far, the company offers two “full-stack” asset monitoring solutions: for steam traps and for rotating machinery, such as motors, pumps, fans, and compressors. Additionally, Everactive supports broader application of its system by supplying the data streams from its batteryless sensor network as a set of data-extraction services to partners with advanced analytical capabilities and/or subject-matter expertise. To this end, the Everactive API enables connections to leading industrial workflow software, such as OSIsoft, AVEVA, IBM Maximo, and all other software programs able to use RESTful API endpoints. Everactive’s solutions can integrate into computerized maintenance management system (CMMS), enterprise asset management (EAM), or enterprise resource planning (ERP) solution using their API, written to the Open API 3.0 specification. The company also enters into partnerships with domain experts in chosen verticals and application spaces.

History

Everactive's origins stretch back over a decade to the ultra-low-power circuit and wireless networking research of its co-founders, Benton Calhoun and David Wentzloff, at the Massachusetts Institute of Technology. Upon receiving their doctorates, each took teaching positions at their respective alma maters—the University of Virginia and the University of Michigan. After several years of incubation and proof points for self-powered IoT systems, the technology was licensed out of those two universities and the company was incorporated.

The core circuit design and wireless communication IP has served as the building block for Everactive’s batteryless, self-powered IoT systems. The company has since added other requisite pieces—cloud software, data analytics, systems expertise, and industrial design—to develop an end-to-end sensing solution.

Called PsiKick at the time, Everactive raised its Series A in November of 2014 and has subsequently raised a total of $114.1M over 6 total funding rounds. Announced in January of 2021, the company's most recent round of funding was a $35M Series C led by Fluke Corporation, 40 North Ventures, Asahi Kasei, and TOP Ventures. Other investors include: New Enterprise Associates, ABB Technology Ventures, Future Fund, Blue Bear Capital, In-Q-Tel, and Armstrong International.

Clients

Everactive’s products are deployed at leading multinational manufacturers, including: 3M, Anheuser-Busch InBev, Danone, Mars, Merck, Hershey, and WestRock, and within the US Government with the US Air Force and the National Institutes of Health (NIH).

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