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Lumotive Closes Strategic Funding Round Led by Samsung Ventures

Lumotive, the developer of Light Control Metasurface (LCM) beam steering chips enabling the next generation of lidar, announced that it has secured a round of strategic funding led by Samsung Ventures. The investment included contributions from new, strategic investors such as Himax Technologies Inc., as well as Bill Gates, Quan Funds and MetaVC Partners. Lumotive is planning to use the funding to accelerate the development and customer delivery of optical semiconductor devices that enable the next generation of lidar sensors. More than two dozen world-class companies are currently engaged with Lumotive to utilize the high-performance, small form factor, and low-cost advantages of the company’s LCM chips to develop next-generation systems for autonomy, automation, and augmented reality (AR) markets.

“Our optical semiconductor solutions are making it possible for a number of markets to quickly and cost-effectively implement advanced sensing capabilities in industry-changing products,” said Dr. Sam Heidari, CEO of Lumotive. “With the LCM technology, Lumotive is uniquely positioned to be able to address the broad range of requirements across consumer, automotive, and industrial sectors. Samsung Ventures is well-known for identifying companies with disruptive technologies. We are very excited to partner with them as we deliver scalable products enabling Lidar 2.0 across diverse market segments by addressing power, cost, and size requirements of consumer products as well as the performance needs of automotive products.”

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“Strategic investments made by prominent industry leaders like Samsung in promising lidar startups like Lumotive is great news for the mobility sensor sector,” said Mark Fitzgerald, Director, Autonomous Vehicle Service, at Strategy Analytics. “This funding round acknowledges the foresight of Lumotive’s semiconductor-based product strategy and it has the potential to give the company a measurable time-to-market advantage.”

Lumotive’s transformative optical semiconductors are enabling “Lidar 2.0” for Consumer, Mobility, and Industrial markets. The company’s Meta-Lidar Reference Platform utilizes revolutionary beam-steering technology based on patented Light Control Metasurfaces and implemented in standard semiconductor manufacturing processes to deliver an unprecedented combination of best-in-class performance, cost, reliability, and size. Lumotive’s LCMs enable the industry’s first software-defined lidar with advanced perception capabilities.

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