Kirkland, Wash.-based Pivotal Commware says it has closed on a $50 million funding round that will help it expand research, development and distribution for its millimeter-wave 5G network infrastructure products.
Tracker Capital Management, a venture capital investment firm that’s headquartered in New York, led the Series C investment round. Other participants in the financing include Devonshire Investors and Pivotal’s existing investors — including Microsoft co-founder Bill Gates.
Gates has been investing in Pivotal since 2017, not long after it was spun out from Intellectual Ventures. It’s one of several Gates-backed ventures that make use of metamaterials, an exotic breed of electronics that can channel signals without moving parts.
Pivotal calls its metamaterials-based technology “holographic beam forming.” The technology is used primarily to support ultra-wideband 5G communications.
