Lumotive raises $45m for AI, international push
Lumotive in Canada has closed a $45m funding round for its programmable optical beam steering metasurface technology
The oversubscribed Series Bround included new investors Swisscom Ventures, East Bridge, EDOM, Grazia, Hokuyo Inc. and TSVC, as well as support from existing investors such as Gates Frontier, MetaVC Partners, Quan Funds, USAA, and HiMax.
The Light Control Metasurface (LCM) technology is used to control light in applications such as LiDar, data centre interconnect and
The funding will be used to provide more local support and customisation services internationally as well as tapping into the AI datacentre boom.
The solid state 2D LCM Beam Steering technology enables reliable optical circuit switches with thousands of ports and rapid switching speeds for hyperscale and AI-driven networks. This is being deployed to support AI model training, real-time analytics, and energy-efficient hyperscale infrastructure management.
“Lumotive’s technology represents a fundamental advance in optical semiconductors,” said Pär Lange, Investment Partner at Swisscom Ventures. “Their proven success in automotive and industrial markets, combined with their ability to precisely control light at the chip level, enables applications that were previously impossible.”
“This funding marks a pivotal moment in the evolution of programmable optics,” said Dr. Sam Heidari, CEO of Lumotive. “Our LCM technology has already driven innovation across autonomous vehicles, advanced robotics, and industrial applications. With this new investment, we will accelerate sales in other new markets, particularly in AI data centers and satellite communications.”
“Having supported Lumotive since its earliest days, we’ve witnessed the rapid evolution of the company’s core technology and its expansion into diverse global markets,” said Conrad Burke, Managing Partner at MetaVC Partners. “This new funding round marks an exciting milestone in the company’s growth.”
If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :
