Foley & Lardner LLP represented East Bridge Capital as an investor in the $45 million Series B funding round for Lumotive, a leader in programmable optical semiconductor products. Additional new investors included Swisscom Ventures, EDOM, Grazia, Hokuyo Inc., and TSVC, as well as existing investors such as Gates Frontier, MetaVC Partners, Quan Funds, USAA, and HiMax Inc.
Lumotive’s award-winning programmable optical semiconductors improve perception, increase computing power, and enable reliable high-speed communication in various industries. The Light Control Metasurface (LCM™) chip is a patented, software-defined photonic beamforming solid-state technology. As the first of its kind, it meets essential needs in various sectors, including 3D sensing and AI computing. Funding will be used to accelerate sales growth of its groundbreaking LCM™ technology.
The Foley team was led by partners Louis Lehot and Brian Wheeler and included associate Erik Nguyen.