Lumotive Adds New Investments from USAA and Uniquest to a Strategic Funding Round Led by Samsung Ventures
Summary
"Disruptive approaches to enabling next generation lidar capabilities are imperative for important applications such as automotive safety," said Michael Smith, Assistant Vice President, Corporate development at USAA. ""Strategic investments made by prominent industry leaders in promising semiconductor startups like Lumotive is great news for the mobility sensor sector," said Mark Fitzgerald, Director, Autonomous Vehicle Service, at Strategy Analytics. ""We are very pleased to have USAA and Uniquest join our family of brand name investors as we ramp up to deliver disruptive semiconductors enabling Lidar 2.0 a crucial 3D sensing technology for diverse, consumer, automotive, and industrial markets ," said Dr. Sam Heidari, CEO of Lumotive. "CES attendees can learn more about Lumotives solutions at Booth #5877, Las Vegas Convention Center West Hall, January 5-7, 2023.Lumotives transformative optical semiconductors are enabling the next generation of 3D sensing for consumer, mobility, and industrial markets. The companys Light Control Metasurface (LCM) optical semiconductors utilize revolutionary, patented beam-steering technology to deliver an unprecedented combination of best-in-class performance, cost, reliability, and size.