Metalenz, the market leader for metasurface optics for high-performance 3D sensing solutions, announced the closing of a $30M Series B, led by Neotribe Ventures.
The funding will be used to meet the growing demand for the company’s existing 3D Sensor metasurface optics while simultaneously accelerating the market introduction of its revolutionary new polarization sensing solution, PolarEyes.
The round also saw participation from Foothill Ventures, M Ventures, Intel Capital, Osage University Partners, TDK Ventures, 3M Ventures, Global Brains, SG Innovate, Baidu Ventures, Hegemon Capital, and Braemar Ventures.
“When we launched our first products as the key enabler for simpler, next generation 3D ToF products earlier this year, we proved that the performance of our metasurface optics is unparalleled in the 3D sensing market, and that our new technology can reach end-users at a massive scale,” said Metalenz co-founder and CEO Rob Devlin. “Since then, demand has dramatically increased, and the oversubscribed round is a testament to how our metasurface optics can completely transform the way people and machines interact with and understand the world around them. Going forward we are particularly excited to benefit from the deep knowledge and vast network of our lead investor in the Series B, Neotribe Ventures.”
“At Neotribe we are focused on investing in companies that are solving really hard technical problems that disrupt non-traditional industry sectors,” said Kittu Kolluri, Founder and Managing Director of Neotribe Ventures. “Metalenz represents the perfect blend of a disruptive deep tech solution being applied to a large and innovation-starved market, optics. We look forward to supporting Rob and his team as they scale the company and product roadmap to address this multi-billion-dollar opportunity.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.