MetaVC Partners Closes Fund, at $62M
Summary
Metamaterials refer to a broad class of manufactured materials engineered to control and manipulate energy (e.g., radio waves, light, and sound). Composed of arrays of structures whose size and spacing can be finer than the wavelength of visible light, metamaterials are designed to exhibit properties not found in naturally occurring materials. Metamaterials are being deployed commercially to produce high-performance and energy-efficient products in computing, imaging, wireless communications, and sensors. • Lumotive, which uses the physics of metamaterials to produce tiny semiconductor scanning sensors for anti-collision systems and consumer electronics applications. Led by co-founders and managing partners Chris Alliegro and Conrad Burke, MetaVC Partners is an early-stage venture fund investing in new startup companies using metamaterials for applications in renewable energy, high-performance computing, imaging, and next generation wireless communications and sensors.