Everactive is PsiKick's new name, reflecting its batteryless sensors

Steam Trap Monitors from Everactive were introduced in late 2018. (Everactive)

PsiKick announced last week that it is officially changing its name to Everactive, which the company says better represents its batteryless and wireless sensors.

In addition to the name change, Everactive closed a $30 million funding round with several investors, including Future Fund. The company so far has raised $63 million, according to a blog by ARC Advisory Group analyst Chantal Polsonetti.

Its target market is industries that collect and analyze data on physical equipment and infrastructure. This big data approach can cut costs, boost efficiency and improve safety.

Free Daily Newsletter

Interesting read? Subscribe to FierceElectronics!

The electronics industry remains in flux as constant innovation fuels market trends. FierceElectronics subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and predictions impacting their world. Sign up today to get electronics news and updates delivered to your inbox and read on the go.

The company’s Eversensors products work without batteries because they can harvest power from indoor solar sources and thermal gradients. In a world with 1 trillion sensors, there would be more than 900 million daily battery replacements, according to an estimate on the company’s website.

In 2015, Everactive created an integrated wireless system-on-chip that consumed a tiny amount (6.5 μW) of average active power while operating a wearable device, tens of times lower than low power devices had before.

RELATED: "Sensors Expo 2019: Who's Who in Sensor Tech"

In 2018, Everactive released its first product, a self-powered Steam Trap Monitor that is designed to reduce wasted energy and carbon emissions by alerting maintenance personnel when a trap has failed. An estimated 20% of all steam traps used widely in industrial settings leak.

The company is also deploying a Machine Health Monitor to analyze vibration on rotating equipment, including fans and pumps. A Flare System Monitor watches flares from refinery stacks to help reduce their length.

The basic Everactive technology is licensed out of the University of Virginia and the University of Michigan where the company’s co-founders teach.

Suggested Articles

Last week an online attack was waged against 23 smaller, local Texas governments in what Texas officials are calling a coordinated ransomware attack.

MarketsandMarkets says the low-light imaging market is expected to grow from $10.04 billion in 2019 to $18.36 billion by 2024.

In a recent Allied Market Research report titled, "Artificial Intelligence Chip Market," the global AI chip market is slated to grow from $6.64…