HaiLa Technologies Inc, a Canadian startup that has been working to develop a low power communication technology for IoT, has now raised USD $5 Million in an oversubscribed seed round led by Chrysalix Ventures.
HaiLa's technology enables the use of existing ambient signals in the air as the carrier to ride its data on. This leads to a drastic decrease in power consumption which would either result in a much-extended battery life of devices, or enable energy harvesting solutions, allowing battery-free IoT devices for certain applications.
Furthermore, HaiLa uses a proprietary and patented backscattering technique which allows modulation of digital sensor data on top of ambient signals of different protocols while maintaining the integrity of the signal to the original specific protocol. This ensures compatibility of HaiLa-enabled sensor tags to various existing wireless protocols, resulting in a drastic reduction in deployment costs and risks.
The company will be providing early access to the first HaiLa Wi-Fi IP core based on their backscatter technology by the end of 2020. This will enable companies to develop the next generation of ultra-low power chip-sets for IP over Ethernet over Wi-Fi in the IoT space.
According to Richard MacKellar partner of Chrysalix Ventures feels that after winning the International Nokia Open Innovation competition last November and a plethora of other awards over the past 2 years, the HaiLa team are front runners in the IoT space with a commercially viable solution for low power and battery-less solutions using backscatter communication.
Other investors include Ecofuel Fund, TandemLaunch, a prolific university from California, and several angel investors including HaiLa's newly appointed CEO and President, Ole Christian Andersen. This financing will enable HaiLa to demonstrate manufacturability, secure first tier customers and partners, and set the stage to completely revolutionize the wireless sensor industry.