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Amazon backs programmable optics startup Lumotive | TechCrunch

Amazon backs programmable optics startup Lumotive | TechCrunch

Programmable optics startup Lumotive has added a few more strategic backers to its recent Series B round.

Redmond, Washington-based Lumotive reopened its recent Series B funding round to bring in Amazon, through its Amazon Industrial Innovation Fund, and ITHCA Group, the technology investment arm of Oman’s sovereign wealth fund, as investors.

These fresh funds bring the company’s Series B round to $59 million, up from the $45 million Lumotive initially closed in February. The startup has raised more than $100 million in venture capital to date.

Lumotive CEO Sam Heidari told TechCrunch that the startup saw a lot more demand for participating in the round than he initially predicted. While the company had turned away some investors, he said it made sense to open it back up for ITHCA Group and Amazon.

“Amazon, it has a lot of strategic value for us,” Heidari said. “We do appreciate the relationship more than the money.”

Lumotive’s Light Control Metasurface solid-state chips are made up of nano-scale pixels that can be controlled electronically to bend and manipulate light. 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.

“It is a paradigm shift of being able to manipulate the light electronically,” Heidari said. “Being able to shape the light, to stir the light, to form the beams the way you want it, to focus the light electronically. We are able to, basically, do what mirrors and motors do today, to work around the lights.”

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Founded in 2018, the company started selling its chips in 2024, and says it has purposefully kept its list of customers small and focused. Heidari said the fresh cash will help it expand sales and marketing, and put more money towards research and development.

“It is not a science project anymore,” Heidari said about Lumotive’s tech. “It’s a proven technology in the field. We knew that there is a big demand for it. Not only can it work, it can work in a deployable fashion.”

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Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave.

It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports. Sources tell the WSJ that Next Frontier has already signed a joint venture with Fluidstack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic. (Coatue did not respond to a request for comment.)

Although the U.S. already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Kevin O’Leary from “Shark Tank.”

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#Coatue #plan #buy #land #data #centers #possibly #Anthropic #TechCrunchAnthropic,coatue,data centers,In Brief">Coatue has a plan to buy up land for data centers, possibly for Anthropic | TechCrunch
Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave.

It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports. Sources tell the WSJ that Next Frontier has already signed a joint venture with Fluidstack, a cloud infrastructure startup that penned a  billion deal to build data centers for Anthropic. (Coatue did not respond to a request for comment.)







Although the U.S. already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Kevin O’Leary from “Shark Tank.”



.
#Coatue #plan #buy #land #data #centers #possibly #Anthropic #TechCrunchAnthropic,coatue,data centers,In Brief

Anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave.

It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports. Sources tell the WSJ that Next Frontier has already signed a joint venture with Fluidstack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic. (Coatue did not respond to a request for comment.)

Although the U.S. already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Kevin O’Leary from “Shark Tank.”

.

#Coatue #plan #buy #land #data #centers #possibly #Anthropic #TechCrunchAnthropic,coatue,data centers,In Brief">Coatue has a plan to buy up land for data centers, possibly for Anthropic | TechCrunch

Coatue, one of the biggest names in venture capital and hedge funds, has a new plan to generate bigger returns on AI beyond its sizable stakes in Anthropic, OpenAI, xAI, and data center companies like Singapore’s DayOne and CoreWeave.

It has launched a venture called Next Frontier to buy up land near large power sources with the goal of turning those parcels into data centers, the Wall Street Journal reports. Sources tell the WSJ that Next Frontier has already signed a joint venture with Fluidstack, a cloud infrastructure startup that penned a $50 billion deal to build data centers for Anthropic. (Coatue did not respond to a request for comment.)

Although the U.S. already has 3,000 data centers, more than 1,500 new ones are in various stages of being built, according to Pew Research, most of them in rural areas. The frenzy is enticing land speculation and data center financing projects from lots of players, ranging from Blackstone to Kevin O’Leary from “Shark Tank.”

.

#Coatue #plan #buy #land #data #centers #possibly #Anthropic #TechCrunchAnthropic,coatue,data centers,In Brief

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