Metalenz Raises $30M in Series B Funding | Metalenz 30m Series Neotribe Venturescoldeweytechcrunch
In a significant development, Metalenz, a Boston, MA-based pioneer in metasurface optics for cutting-edge 3D sensing solutions, has successfully raised an impressive $30 million in Series B funding. This funding round, spearheaded by Neotribe Ventures and boasting participation from key industry players, propels Metalenz into a new phase of innovation.
Strategic Backing by Industry Leaders: Neotribe Ventures Takes the Lead
Neotribe Ventures led the Series B funding round, showcasing their confidence in Metalenz’s revolutionary metasurface optics technology. A consortium of notable investors, including Foothill Ventures, M Ventures, Intel Capital, Osage University Partners, TDK Ventures, 3M Ventures, Global Brains, SG Innovate, Baidu Ventures, Hegemon Capital, and Braemar Ventures, further solidified their support for Metalenz’s vision.
Meeting Demand and Pioneering Polarization Sensing: Metalenz’s Ambitious Roadmap
Metalenz, under the leadership of CEO Rob Devlin, is strategically poised to address the increasing demand for its existing 3D Sensor metasurface optics. Simultaneously, the company aims to expedite the market introduction of its groundbreaking polarization sensing solution, PolarEyes. The infusion of $30 million in Series B funding serves as a catalyst for Metalenz to push the boundaries of innovation in the rapidly evolving 3D sensing landscape.
Redefining Optical Production: Metalenz’s Metasurface Technology
At the core of Metalenz’s transformative approach is its metasurface technology, providing intricate and multifunctional optical performance within a single semiconductor layer. This paradigm shift relocates the large-scale production of optics to semiconductor foundries, akin to printing lenses as if they were computer chips. Metalenz’s innovative methodology, rooted in research from the Capasso Lab at Harvard University, is fortified by a global license to foundational IP related to metasurfaces and boasts over 20 patents. These patents collectively simplify and enhance optical devices, setting Metalenz apart as an industry trailblazer.
Leadership Excellence: Rob Devlin Guides Metalenz to Success
Under the astute leadership of CEO Rob Devlin, Metalenz stands at the forefront of 3D sensing solutions for diverse markets, including consumer electronics, automotive, and industrial robotics. Devlin’s strategic vision and the collective expertise of the Metalenz team position the company as a driving force in the evolution of optical technologies.
In conclusion, Metalenz’s successful Series B funding round not only validates its technological prowess but also signifies a pivotal moment in the realm of 3D sensing solutions. With Neotribe Ventures leading the way and a consortium of influential investors backing Metalenz, the company is well-positioned to shape the future of high-performance optics and redefine the possibilities in 3D sensing technology.