Seattle, WA – February 23, 2021 – Lumotive, a leading developer of scalable, solid-state LiDAR systems for smartphones, industrial automation, robotics and automotive applications, today announced its inclusion for the second consecutive year in JMP Securities’ Efficient Fifty list of “the most interesting private companies in industrial and energy technology.”
“Our team analyzed several hundred companies in the process of selecting this year's Efficient Fifty,” said Joseph Osha, Managing Director at JMP Securities. “Our year-long project identified what we believe to be the fifty most interesting companies focused on improving efficiency in energy production, transportation and industrial processes. By leveraging semiconductor devices and revolutionary beam-steering technology based on liquid crystal metasurfaces, Lumotive’s LiDAR products achieve an unprecedented combination of high performance and low cost. The approach allows for 3D sensing at a commercially viable price point across the smartphone, industrial and automotive industries.”
As described in the 2021 Efficient Fifty report, JMP Securities analysts witnessed remarkable developments in industrial and energy technology in the past year and anticipate that LiDAR sensors will continue to be pivotal in Lumotive’s target markets such as industrial automation, robotics and transportation.
“We’re honored to be included in JMP’s Efficient Fifty for the second year running, and to be highlighted among the companies recognized by JMP for delivering breakthrough technologies for transportation and industrial applications,” said Lumotive co-founder and CEO, Dr. William Colleran.
Lumotive showcased its revolutionary LiDAR technology with a successful demonstration of the company’s X10 prototype at the CES trade show in Las Vegas in January of 2020 and started sampling its second-generation X20 platform to customers in late 2020. In addition to inclusion in JMP Securities Efficient Fifty list of “the most interesting private companies in industrial and energy technology” for both 2020 and 2021, the company has received industry acclaim with inclusion in Laser Focus World’s “Top 20 Photonics Technologies for 2019,” Built In Seattle’s “Best Small Companies to Work For in 2020 and 2021,” and EE Times’ “Silicon 100: Emerging Startups to Watch.”
Founded in 2018, Lumotive is a leader in solid-state LiDAR systems, developing high-performance solutions for smartphones, industrial automation, robotics and automotive applications. The Seattle-based company’s LiDAR solutions leverage revolutionary beam-steering technology based on patented Liquid Crystal Metasurfaces™ to deliver an unprecedented combination of high performance (as measured by range, resolution and frame rate) and readiness for mass adoption (measured by cost, reliability and size). Lumotive’s random access beam-steering chips enable the industry’s first software-defined LiDAR with region-of-interest scanning, object tracking and advanced perception capabilities. Lumotive’s investors include Bill Gates and Quan Funds. For more information, go to www.lumotive.com or to Twitter @LumotiveLidar.