|
Lumotive Raises $45 Million to Expand Sales of Programmable Optical Semiconductors
Thursday, February 27, 2025
REDMOND, Wash., Feb. 19, 2025 /PRNewswire/ -- Lumotive, a leader in programmable optical semiconductor products, has closed a $45 million Series B funding round to accelerate sales growth of its groundbreaking Light Control Metasurface (LCM(TM)) technology. The oversubscribed round included new investors Swisscom Ventures, East Bridge, EDOM, Grazia, Hokuyo Inc. and TSVC, as well as support from existing investors such as Gates Frontier, MetaVC Partners, Quan Funds, USAA, and HiMax Inc.
"Lumotive's unique technology represents a fundamental advance in optical semiconductors," said Pär Lange, Investment Partner at Swisscom Ventures. "Their proven success in automotive and industrial markets, combined with their ability to precisely control light at the chip level, enables applications that were previously impossible."
"This funding marks a pivotal moment in the evolution of programmable optics," said Dr. Sam Heidari, CEO of Lumotive. "Our LCM(TM) technology has already driven innovation across autonomous vehicles, advanced robotics, and industrial applications. With this new investment, we will accelerate sales in other new markets, particularly in AI data centers and satellite communications."
This new funding will accelerate growth in three strategic areas:
Global Market Expansion: The company is scaling its operations worldwide to meet growing demand from customers and partners in critical industries. By strengthening its international presence, it will provide responsive, localized support and customized solutions tailored to specific technical and business needs.
Data Center AI Infrastructure: Advancing high-performance optical switching solutions, the company is reshaping data center architectures. Its innovative two-dimensional LCM(TM) Beam Steering technology enables ultra-reliable optical circuit switches with thousands of ports and rapid switching speeds, addressing the demands of hyperscale and AI-driven networks. This technology is being deployed to support AI model training, real-time analytics, and energy-efficient hyperscale infrastructure management.
Aerospace and Defense: Lumotive is advancing next-generation optical semiconductors for defense and aerospace applications, enhancing secure communications, advanced sensing, and mission-critical precision.
"Having supported Lumotive since its earliest days, we've witnessed the rapid evolution of the company's core technology and its expansion into diverse global markets," said Conrad Burke, Managing Partner at MetaVC Partners. "This new funding round marks an exciting milestone in the company's growth."
About Lumotive
Lumotive's award-winning programmable optical semiconductors improve perception, increase computing power, and enable reliable high-speed communication in various industries. The Light Control Metasurface (LCM(TM)) chip is a patented, software-defined photonic beamforming solid-state technology. As the first of its kind, it meets essential needs in various sectors, including 3D sensing and AI computing. Lumotive was named Fast Company's Next Big Thing in Tech and won three CES Innovation Awards. For more information, please visit www.lumotive.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lumotive-raises-45-million-to-expand-sales-of-programmable-optical-semiconductors-302380332.html
SOURCE Lumotive
|
|
|
|
|
|
 |
VIAVI Highlights Test Solutions for AI Infrastructure Development, Manufacturing and Deployment at OFC 2025 | Mar 28, 2025
|
|
Orium Launches Composable Accelerator for Shopify | Mar 28, 2025
|
|
ThreatQuotient positioned as a Leader in the SPARK Matrix(TM): Digital Threat Intelligence Management, 2025 by QKS Group | Mar 28, 2025
|
|
Oracle Helps Customers Boost Employee Engagement with Strategic Communications and Internal Events | Mar 28, 2025
|
|
Madame Rachida Dati, French Minister of Culture, has granted official recognition to thierry Ehrmann's Abode of Chaos as a 'total work of art', the global headquarters of Artprice by Artmarket. | Mar 28, 2025
|
|
Datacenter Dynamics Makes History with LoneStar - Becoming the World's First Magazine to Reach the Moon | Mar 28, 2025
|
|
Oracle Named a Leader in Configure, Price, Quote by Independent Research Firm | Mar 28, 2025
|
|
Nosto reports 323% growth of Personalized Search after 2024 Gartner MQ inclusion | Mar 28, 2025
|
|
Western Union forms strategic partnership with HCLTech to transition to an AI led platform operating model | Mar 28, 2025
|
|
Wealthbox Expands to Canada with In-Country Data Hosting | Mar 28, 2025
|
|
|
|
