Amazon backs programmable optics startup Lumotive
Amazon's Industrial Innovation Fund and ITHCA Group have invested in Lumotive, a startup focused on programmable optics technology. The investment, which increased Lumotive's Series B round to $59 million, will support the company's efforts to develop its innovative optical solutions. Lumotive's technology aims to revolutionize industries such as robotics, automotive, and consumer electronics by providing programmable and reconfigurable optics. This can enhance applications like lidar, augmented reality, and optical communications. The additional funding from Amazon and ITHCA Group will enable Lumotive to accelerate its product development and expand its reach in the market. The investment highlights the growing interest in advanced optics technologies and their potential to drive innovation across various sectors.
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