Lumotive Inc. recently secured $14 million in a funding round. This capital came from Amazon.com Inc.’s Amazon Industrial Innovation Fund and ITHCA Group. The investment extends Lumotive's Series B round, which previously closed at $45 million in February.
Lumotive develops liquid crystal beamforming chips. These chips direct laser beams for lidar sensors, which map surroundings in 3D. Traditionally, lidar units used bulky mechanical parts. Lumotive's technology removes moving components, consequently lowering production costs and boosting hardware reliability.
