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Benzinga
Benzinga
Business
Paula Tudoran

'Amazon, It Has A Lot Of Strategic Value For Us' — Lumotive Scores $59M With Backing From Amazon, Oman's ITHCA Group

Amazon Bill Gates Oman TechCrunch Nasdaq
Startup,Funding,-,Act,Of,Raising,Capital,To,Support,A

When Amazon (NASDAQ:AMZN) writes a check to a startup, headlines follow. The excitement rises further when Bill Gates' Gates Frontier investment arm is already on the cap table.

Lumotive, a programmable optics startup based in Redmond, Washington, announced on July 22 that it has reopened its Series B round to add Amazon's Industrial Innovation Fund and Oman's ITHCA Group on its backers' list, boosting the total raised to $59 million. The company had previously secured $45 million in February, co‑led by Gates Frontier and MetaVC.

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