Total amount raised
$58 Million
Latest funding date
02/01/2025
Location
Lumotive has successfully raised funding over six rounds, with the latest being a Series B round involving 14 investors, including Gates Frontier Fund and MetaVC Partners. The company is backed by a total of 20 investors, with notable names such as Himax Technologies, Grazia Equity, and Bill Gates.
Keep reading to explore the intricacies of Lumotive's fundraising journey and the investors backing this innovative company.
What Is Lumotive?
Lumotive, based in Redmond, Washington, specializes in optical semiconductor solutions for sensing applications. The company operates in various industries, including autonomous vehicles, drones, electronics, robotics, semiconductors, and sensors. With a workforce of 51-100 employees, Lumotive is at the forefront of innovative technology.
Founded to revolutionize programmable optics technology, Lumotive's Light Control Metasurface (LCM™) technology enables precise light manipulation without moving parts. This technology finds applications in 3D sensing, high-speed communications, and more, making Lumotive a key player in advancing modern sensing solutions.
How Much Funding Has Lumotive Raised?
- Series B
- Amount Raised: USD 59,000,000
- Date: February 2025
- Lead Investors: Gates Frontier Fund, MetaVC Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate sales growth of Lumotive's Light Control Metasurface (LCM™) technology and focus on global market expansion, data center AI infrastructure, and aerospace and defense.
- Grant
- Date: January 2025
- Lead Investors: BIRD Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Series Unknown
- Amount Raised: USD 13,000,000
- Date: January 2023
- Lead Investors: Samsung Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and commercialize optical semiconductor technology.
- Series Unknown
- Date: August 2022
- Lead Investors: Samsung Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market reach.
- Series A
- Date: April 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate product development.
- Convertible Note
- Date: September 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial funding for technology development.
Total Amount Raised: USD 72,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Gates Frontier Fund
- Details: Gates Frontier Fund is an investment firm associated with Bill Gates. It focuses on advancing technology and innovation across various sectors.
- Investment Focus Areas: Technology, healthcare, sustainable energy
- Notable Investments: Various tech and healthcare startups
- MetaVC Partners
- Details: MetaVC Partners is a Silicon Valley-based venture capital fund. It specializes in early-stage technology investments.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Various tech startups in Silicon Valley
- Swisscom Ventures
- Details: Swisscom Ventures is the corporate venture capital arm of Swisscom, a major telecommunications provider in Switzerland. It invests in digital transformation and cybersecurity.
- Investment Focus Areas: Technology, telecommunications, digital innovation
- Notable Investments: Various tech startups and companies in the telecommunications sector
- Samsung Ventures
- Details: Samsung Ventures is the venture capital arm of Samsung. It focuses on investments in technology, semiconductors, and consumer electronics.
- Investment Focus Areas: Technology, semiconductors, consumer electronics
- Notable Investments: Various tech startups
- USAA
- Details: USAA is a financial services group serving military members and their families. It invests in technology and financial services.
- Investment Focus Areas: Financial services, technology, innovation
- Notable Investments: Various tech and financial services startups
What's Next for Lumotive?
As Lumotive looks to the future, the company is poised to capitalize on several significant opportunities. With a focus on global market expansion, data center AI infrastructure, and aerospace and defense, Lumotive is well-positioned to meet the growing demand for advanced optical semiconductor technologies. The recent $45 million Series B funding round underscores the potential scale of these opportunities, providing the financial backing needed to drive growth and innovation.
Future fundraising opportunities appear promising, given the successful Series B round and the strategic areas of growth. Lumotive may attract additional investment to further scale its operations and technology development. However, the company will need to navigate challenges such as market competition, rapid technological advancements, and the complexities of global expansion. By addressing these challenges, Lumotive can continue to lead in the optical semiconductor space and achieve its ambitious growth objectives.
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