Redmond, Washington-based programmable optics startup Lumotive has extended its Series B funding round, bringing the total raised to $59 million. Amazon, through its Amazon Industrial Innovation Fund, and ITHCA Group, Oman’s sovereign wealth fund, joined as new investors. This Lumotive funding round initially closed at $45 million in February.
Lumotive develops Light Control Metasurface solid-state chips. These chips feature nano-scale pixels, electronically controlled to manipulate light. Consequently, the technology offers a smaller, more cost-effective alternative to traditional Lidar systems, such as those from Velodyne Lidar or Innoviz Technologies, for autonomous vehicles.
Advancing Programmable Optics Technology
The company's chips also find application in optical switching for environments like data centers. Lumotive began selling its chips in 2024. Furthermore, the fresh capital will support expanded sales and marketing efforts. Additionally, funds will accelerate research and development.
Lumotive has raised over $100 million in venture capital to date. This Lumotive funding demonstrates continued progress in its technology.
