Laser radar developer lumotive won a new round of strategic financing, led by Sa

On August 24, lumotive, the developer of solid-state lidar system, announced that it had obtained a new round of strategic financing, led by Samsung ventures, followed by new strategic investors such as HIMAX technologies, Bill Gates Foundation, Quan funds and metavc partners. The specific financing amount was not disclosed.

It is reported that this new investment will accelerate its LCM ™ The development and delivery of optical semiconductor equipment enables its next generation lidar sensors to be used in the consumption, travel and industrial markets with huge demand.

(photo source: lumotive official website)

Lumotive developed light controlled hypersurface (LCM ™) Beam control chip, a technical product and solution, can greatly improve the performance and reliability of lidar and reduce its cost. The laser radar using this technology is suitable for large-scale mass production, and the production efficiency is very considerable. At present, more than 20 world-class companies are cooperating with lumotive to develop the next generation system for the autonomous, automated and augmented reality (AR) market by taking advantage of the high performance, small size and low cost of the company's LCM chip.

For this financing, Dr. Sam heidari, CEO of lumotive, said: "Our optical semiconductor solutions make it possible for many markets to quickly and cost effectively implement advanced sensing capabilities in industry changing products. Through LCM technology, lumotive has a unique position to meet the needs of consumers, automotive and industrial sectors. Samsung venture capital is famous for identifying companies with disruptive technologies. We are very happy to work with them because we provide scalable products, By addressing the performance needs of consumer products and automotive products with power consumption, cost and size requirements, lidar 2.0 can be segmented across different markets. "

Mark Fitzgerald, director of autonomous vehicle service of strategy analytics, commented: "Samsung and other well-known industry leaders have made strategic investments in promising lidar start-ups such as lumotive, which is good news for the mobile sensor field. This round of financing confirms the forward-looking nature of lumotive's semiconductor product strategy and is expected to accelerate the listing process of the company."

Lumotive's revolutionary optical semiconductor equipment is bringing the upgrading experience of "lidar 2.0" to the consumer, mobile and industrial markets. The company's meta lidar ™ The platform adopts revolutionary beam steering technology and is based on patented light controlled metasurfaces ™， And is realized in a standard semiconductor manufacturing process. Lumotive's LCM chip enables the industry's first software defined lidar with advanced sensing capabilities.

Source: OFweek