Lumotive, a Redmond, Wash.-based startup that manufactures semiconductor chips tailored for 3D sensors, added $14 million to its Series B round. Amazon’s Industrial Innovation Fund and ITHCA Group (Oman’s sovereign tech fund) invested.
- The company previously raised $45 million for its Series B round in February. Gates Frontier, an investment arm of Microsoft co-founder Bill Gates, co-led the round with Silicon Valley fund MetaVC.
- Lumotive focuses on optical semiconductor technology that can “steer” laser light and is used in mobile devices, autonomous vehicles, and robots. It offers an alternative to traditional LiDAR systems and aims to make 3D sensing cheaper, faster, and more scalable.
- The company launched in 2017 and spun out of Bellevue, Wash.-based Intellectual Ventures.
