PsiKick, a Santa Clara, CA-based self-powering Internet of Things (IoT) systems company, raised $16.5M in Series B financing.
The round was led by Osage University Partners with participation from existing investors New Enterprise Associates (NEA), the University of Michigan Investment in New Technologies Fund (MINTS), as well as individual angels. As part of the Series B financing, Marc Singer, Managing Partner of Osage University Partners, will join PsiKick’s Board of Directors.
The company, which has raised over $22m in total, intends to use the funds to continue to hire IoT engineering talent and develop batteryless systems.
Led by Brendan Richardson, CEO, PsiKick is advancing wireless, self-powering IoT systems, which aim to eliminate the dependence on batteries. The company’s technology combines energy harvesting nodes with overhauled wireless communication and ultra-low power radios.
PsiKick has design centers in Charlottesville, VA and Ann Arbor, MI.