Lumotive, a programmable optics startup, has reopened its Series B funding round, attracting Amazon and ITHCA Group, bringing total raised to $59 million. The company's solid-state chips manipulate light using nano-scale pixels, offering alternatives to Lidar for autonomous vehicles and optical switching. CEO Sam Heidari noted increased interest from investors led to reopening the round, emphasizing the strategic relationship with Amazon over the monetary aspect. Lumotive aims to expand its sales and marketing while investing in research and development, moving beyond a science project to commercial viability.
Amazon, it has a lot of strategic value for us. We do appreciate the relationship more than the money.
It is a paradigm shift of being able to manipulate the light electronically. Being able to shape the light, to stir the light, to form the beams the way you want it, to focus the light electronically.
It is not a science project anymore, it's a
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