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U-M Spinoff Everactive Closes $35M Funding Round on Battery Monitoring Tech Everactive, an internet of things company in California that spun out of the University of Michigan in Ann Arbor and the University of Virginia in 2012, has closed a $35 million funding round. The company makes battery-free monitoring solutions. Everactive, which makes battery-free monitors for industrial applications (pictured) has closed a $35 million funding round. // Photo courtesy of Everactive Everactive, an internet of things company in California that spun out of the University of Michigan in Ann Arbor and the University of Virginia in 2012, has closed a $35 million funding round. The company makes battery-free monitoring solutions. ....