intelligence360
  • About us
  • Video News Daily
  • Contact Us
  • Search Icon

intelligence360

The Intelligent News Source

Amazon and ITHCA Invest in Lumotive

Amazon and ITHCA Invest in Lumotive

August 1, 2025 Craig Etkin

Raising Series B Related Funding to $59M

REDMOND, Wash., July 22, 2025 /PRNewswire/ — Lumotive, the pioneer in programmable optical semiconductor technology, today announced investments from Amazon Industrial Innovation Fund and ITHCA Group. The investments will help Lumotive to rapidly accelerate product deployments in industrial applications and enhance its global market presence.

The Amazon Industrial Innovation Fund backs technologies that advance automation, robotics, and next-generation industrial systems. Its support of Lumotive signals confidence in the company’s game-changing approach— replacing bulky mechanical optical components with a fully digital, reconfigurable semiconductor. Lumotive’s LCM™ platform enables a new era of intelligent perception systems that are compact, software-defined, and essential for the factories, robots, and logistics networks of the future. With Amazon’s backing, Lumotive joins a select group of transformative companies shaping the future of automation and industrial AI.

“We invest in breakthrough technologies that redefine what’s possible—and Lumotive is doing  just that,” said Franziska Bossart, Director, Amazon Industrial Innovation Fund. “With their programmable optical beamforming chips, Lumotive is building a critical foundation for the next generation of intelligent machines. We’re excited to support their mission and see broad potential for their technology in industrial automation, robotics, and beyond.”

Additionally, the investment from ITHCA Group, Oman’s sovereign tech fund, reflects a strategic alignment with Lumotive’s breakthrough technology and the country’s digital transformation goals. As Oman accelerates smart infrastructure and AI initiatives, Lumotive’s entry into the region positions both sides to benefit from regional momentum and global innovation.

“This strategic investment reflects our confidence in Lumotive’s world-class technology and its potential impact on the region,” said Said bin Abdullah Al Mandhari, CEO of ITHCA Group. “Lumotive’s presence in Oman strengthens our innovation ecosystem and supports national priorities across telecommunications, AI, and smart infrastructure. We’re proud to welcome Lumotive to our growing portfolio of future-focused companies.”

“These investments reinforce the transformational potential of our programmable optical semiconductor platform,” said Dr. Sam Heidari, CEO of Lumotive. “As global industries embrace software-defined automation, Lumotive is uniquely positioned to deliver the intelligent sensing solutions needed for the future of robotics, logistics, and manufacturing. This funding fuels our mission to scale rapidly and lead this new wave of innovation.”

The investments by Amazon and ITHCA Group, together with financing by Stifel Bank, expand the company’s Series B-related funding and add to previous investments from EDOM, East Bridge, Gates Frontier, Grazia, HiMax, Hokuyo, MetaVC Partners, Quan Funds, Swisscom Ventures, and TSVC. As adoption of its optical semiconductor platform accelerates, Lumotive is positioned to power the next generation of applications across automation, mobility, smart infrastructure, and beyond.

About Lumotive 
Lumotive is pioneering the era of programmable optics—where light is controlled as intelligently and flexibly as software.

Our patented Light Control Metasurface (LCM™) transforms photonics into a digital platform, unlocking breakthroughs in sensing, optical switching, and communication. Today, LCM technology is powering a new generation of solid-state Lidar systems—compact, software-defined, and high-performance solutions for autonomy, robotics, and smart infrastructure. With more than 200 patents and growing commercial traction, Lumotive is delivering the world’s first digital platform for light—and redefining what’s possible in the optical age. Headquartered in Redmond, Washington, Lumotive is backed by leading investors including Gates Frontier, MetaVC Partners, Quan Funds, Swisscom Ventures, Samsung Ventures, Amazon Industrial Innovation Fund, and ITHCA. For more information, visit www.lumotive.com.

Contact: David Wamsley, dave@rosebudpr.io

SOURCE Lumotive

Copyright © 2025 Cision US Inc.


Venture Capital
Cision, Lumotive, PRNewswire, Redmond, Venture Capital, Washington

Post navigation

NEXT
Composio Raises $29M to Solve AI’s Learning Problem: Building Skills That Actually Improve Over Time
PREVIOUS
Cooler Heads Secures Series A Funding to Revolutionize Scalp Cooling Technology for Chemotherapy Patients
Comments are closed.

Source: http://go.intelligence360.io/ and https://intelligence360.news/

Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
Subscribe

Categories

Recent Posts

  • Veeam Appoints Michelle Graff as Senior Vice President of Global Partners and Channel July 10, 2026
  • Peregrine Technologies has raised $250 Million in new Series D funding July 10, 2026
  • Unilever plans $270 Million expansion in New Haven Connecticut creating 300 new jobs. July 10, 2026
  • OffPlan has raised $2,500,000.00 in new Seed funding July 10, 2026

Archives

© 2026   Copyright SI360 Inc. All Rights Reserved.