8 years ago

Evrythng Secures $24.8 Million Series B Funding to Expand IoT Platform

  • Evrythng, an IoT platform that provides digital identities for physical objects, has closed a $24.8 million Series B funding round led by Sway Ventures

  • The company aims to enable businesses to track products through the supply chain, offer direct-to-consumer applications, and connect to smart home products

  • The funding will support partnerships, team expansion, and platform development.

      • ProblemTechnology

      "Companies struggle to track their products through the supply chain, leaving them vulnerable to fraud, counterfeiting, and inefficient logistics. Direct-to-consumer experiences are limited by the lack of interactivity between physical products and consumers."

      Solution

      "Evrythng provides a platform that gives every physical product a digital identity, allowing businesses to track their products from manufacturing to the end-user. This enables improved supply chain visibility, authentication, and product recalls. Consumers can interact with smart packaging to access product information, reorder items, and enjoy personalized experiences."

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