BELLEVUE, Wash. – Chalk up another score for metamaterials technology: Bellevue-based Pivotal Commware says it’s raised $17 million in Series A funding from Microsoft co-founder Bill Gates, Globalstar’s parent company and other heavy-hitters.
The investment will give a boost to Pivotal’s “holographic beam forming” technology, which takes advantage of the beam-bending properties of metamaterials. The company’s software-defined antenna system facilitates easier communication with moving targets ranging from ships and planes to trains and connected cars.
One unusual angle to Pivotal’s play is that the company is already making a profit, said CEO Brian Deutsch. “The fact that we’ve had early commercial success is unique. … We’re not only post-revenue, we’re post-profit,” he told GeekWire.
