How Much Did Lumotive Raise? Funding & Key Investors

Lumotive has successfully raised $45 million in a Series B funding round, with notable investors including Himax Technologies, Grazia Equity, and Bill Gates. The company specializes in optical semiconductor solutions for various applications, leveraging its innovative Light Control Metasurface (LCM™) technology.

Keep reading to explore the intricacies of Lumotive's fundraising journey and the investors backing this cutting-edge technology company.

What Is Lumotive?

Lumotive, founded in 2018 by Bill Colleran and Gleb Akselrod, is based in Redmond, Washington. The company operates in the fields of autonomous vehicles, drones, electronics, robotics, and sensors, employing between 11 and 50 people.

Specializing in optical semiconductor solutions, Lumotive's innovative Light Control Metasurface (LCM™) technology enhances sensing and perception capabilities across various industries. This technology is applicable in 3D sensing, high-speed communications, industrial automation, smart environments, ADAS, consumer electronics, and defense systems.

How Much Funding Has Lumotive Raised?

1. Convertible Note
   • Amount Raised: Not publicly disclosed
   • Date: September 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure initial funding for early-stage development and operations.
2. Series A
   • Amount Raised: Not publicly disclosed
   • Date: April 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop and scale their Light Control Metasurface (LCM™) technology.
3. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: August 2022
   • Lead Investors: Samsung Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance product offerings.
4. Venture Round
   • Amount Raised: $13M
   • Date: January 2023
   • Lead Investors: Samsung Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop and scale their technology.
5. Grant
   • Amount Raised: Not publicly disclosed
   • Date: January 2025
   • Lead Investors: BIRD Foundation
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support research and development initiatives.
6. Series B
   • Amount Raised: $45M
   • Date: February 2025
   • Lead Investors: Gates Frontier, MetaVC, Himax Technologies, Grazia Equity
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate sales growth of LCM™ technology and focus on global market expansion, data center AI infrastructure, and aerospace and defense.

Total Amount Raised: $58M

Current Valuation: Not publicly disclosed

Key Investors

• Gates Frontier
  • Details: Gates Frontier is an investment arm of Microsoft co-founder Bill Gates. It focuses on innovative technologies and solutions.
  • Investment Focus Areas: Technology, innovation, healthcare.
  • Notable Investments: Impossible Foods, Beyond Meat, Breakthrough Energy Ventures.
• MetaVC Partners
  • Details: MetaVC Partners is a Silicon Valley-based venture capital fund. It invests in early-stage technology companies with transformative potential.
  • Investment Focus Areas: Technology startups, AI, semiconductors.
  • Notable Investments: Not publicly disclosed.
• Swisscom Ventures
  • Details: Swisscom Ventures is the venture capital arm of Swisscom, a major telecommunications provider in Switzerland. It invests in technology companies globally.
  • Investment Focus Areas: Telecommunications, IT, digital health.
  • Notable Investments: Ava, Nexthink, Onfido.
• Samsung Ventures
  • Details: Samsung Ventures is the venture capital arm of Samsung, a multinational conglomerate. It focuses on investments in technology and innovation.
  • Investment Focus Areas: Semiconductors, electronics, AI.
  • Notable Investments: Not publicly disclosed.
• USAA
  • Details: USAA is a diversified financial services group serving military members and their families. It offers banking, insurance, and investment services.
  • Investment Focus Areas: Financial services, technology, insurance.
  • Notable Investments: Not publicly disclosed.

What's Next for Lumotive?

With the recent $45 million Series B funding, Lumotive is poised to capitalize on significant opportunities in global market expansion, data center AI infrastructure, and aerospace and defense. These sectors offer substantial growth potential, driven by the increasing demand for advanced optical semiconductors and high-performance optical switching solutions.

Future fundraising opportunities appear promising, as the company continues to scale its operations and innovate in key industries. However, Lumotive may face challenges such as competition from established players, technological advancements, and regulatory hurdles in diverse global markets.

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