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Amazon backs programmable optics startup Lumotive
Lumotive reopened its February Series B round to add Amazon's Industrial Innovation Fund and ITHCA Group, increasing the size of the round to $59 million.
Programmable optics startup Lumotive has added a few more strategic backers to its recent Series B round. Lumotive CEO Sam Heidari told TechCrunch that the startup saw a lot more demand for participating in the round than he initially predicted. These chips have a variety of use cases, from autonomous vehicles sensing their surroundings, offering a smaller more cost-effective alternative to Lidar, to optical switching in places like data centers.
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